SERVICES AND ADVICE Clause Samples
The 'Services and Advice' clause defines the scope and nature of services and professional guidance that one party will provide to another under the agreement. It typically outlines what specific services are included, any limitations on the advice given, and may clarify whether the advice is binding or for informational purposes only. This clause ensures both parties have a clear understanding of what is being delivered, helping to prevent misunderstandings and disputes regarding the expectations and boundaries of the services and advice rendered.
SERVICES AND ADVICE. The Advisor agrees to manage and service the Assets of the Company. The services to be rendered by the Advisor to the Company pursuant to this Section 1.2 shall include:
(a) Providing a continuous investment program for the Company, including recommending investment policies and establishing procedures and asset allocation and investment strategies commensurate with the Company's risk, return, income, tax and asset/liability goals and objectives;
(b) Supervising, managing and directing the investment and reinvestment of cash, securities, loans and all other property that comprise the Assets of the Company;
(c) Obtaining and evaluating pertinent economic, financial, and other relevant data affecting the Assets and other investment opportunities which the Advisor considers suitable for
SERVICES AND ADVICE. The Advisor agrees to manage and service the Assets of the Company. The services to be rendered by the Advisor to the Company pursuant to this Section 1.2 shall include:
(a) Providing a continuous investment program for the Company, including recommending investment policies and establishing procedures and asset allocation and investment strategies commensurate with the Company's risk, return, income, tax and asset/liability goals and objectives;
(b) Supervising, managing and directing the investment and reinvestment of cash, securities, loans and all other property that comprise the Assets of the Company;
(c) Obtaining and evaluating pertinent economic, financial, and other relevant data affecting the Assets and other investment opportunities which the Advisor considers suitable for the Company, and purchasing and selling or otherwise disposing of Assets in the name and on behalf of the Company;
(d) Taking or causing all supervisory and ministerial actions to be taken which are necessary to implement, manage, and service the investment program of the Company, including but not limited to effecting and documenting all transactions in the Assets and obtaining legal evidence of the ownership of all Assets purchased or otherwise acquired for the Company's account;
(e) Performing, as requested by the Company, asset/liability matching services including, but not limited to, cash flow testing, modeling activities, the development of asset baseline strategies commensurate with the risk characteristics of associated liabilities and to give advice on the investment aspects of product development for traditional as well as investment oriented products; and
(f) Providing investment accounting services and reports as follows:
(i) providing financial reporting on all invested asset-related accounts and all investment income-related accounts necessary for inclusion in the Company's general ledger, with the level of detail deemed appropriate by the parties, and
(ii) providing additional accounting services as are normally provided in the course of investment management for a life insurance company, such as providing information for regulatory reports, industry statistics, rating agency compilations and examination reports.
SERVICES AND ADVICE. 2 1.3 Documentation..........................................................
SERVICES AND ADVICE. 2 1.3 Documentation ........................................................................ 4 1.4 Compliance With Investment Laws and Company Policies and Guidelines .................. 4 1.5 Custodian ............................................................................ 5 1.6 Reports to Boards of Directors ....................................................... 6 1.7 Supervision by Board of Directors .................................................... 6 1.8
SERVICES AND ADVICE. 2 1.3 Documentation ........................................................... 3 1.4 Compliance With Investment Laws and Company Policies and Guidelines .....
SERVICES AND ADVICE. 1.1 The work you require us to do on your matter(s) is as specified in our Engagement Letter and any subsequent letter of confirmation or variation (the “Services”).
1.2 Our engagement by you (the “Engagement”) will be taken to have been accepted and/or scope accepted or extended where you continue to instruct or request advice or Services from us, whether verbally or in writing (including by email). It is not incumbent on us to continually reissue Engagement Letters with a new scope nor advise you that such a new scope exists.
1.3 Our work will be based solely on the information provided, the circumstances made known to us and the assumptions set out in our correspondence. We rely on you bringing to our attention as soon as possible any changes in the information as originally presented as it may impact on our advice.
1.4 The scope of our Services is limited to the work specified in our Engagement Letter. Unless expressly stated otherwise in the Engagement Letter, the Services provided do not constitute tax advice, financial advice nor legal advice.
1.5 While we shall endeavour to identify potential issues to the best of our ability, we shall not accept responsibility for matters not reasonably identifiable from the information provided to us as part of this Engagement.
1.6 Where we are engaged to provide reports or data, you are responsible for the reliability, accuracy and completeness of all material and relevant information you provide to us.
1.7 Any advice provided by us during this Contract is only our opinion based on our understanding of available information, the current law, administrative practice and our knowledge of your circumstances.
1.8 During the course of the Contract and subsequent to it, we may give oral advice in meetings and over the telephone. After a more detailed consideration of the matters discussed, we may amend the view we expressed, but are under no obligation to inform you of this. Accordingly, if we provide any oral advice, we suggest you should seek from us written confirmation of the same.