TELEFAX INSTRUCTIONS Clause Samples

The TELEFAX INSTRUCTIONS clause establishes the terms under which instructions or communications sent via telefax (fax) are recognized as valid and binding between the parties. Typically, this clause specifies that faxed documents, such as orders, amendments, or confirmations, are treated as equivalent to originals for contractual purposes, provided they are sent to designated fax numbers and properly received. By formalizing the acceptance of faxed instructions, the clause facilitates efficient communication and ensures that parties can act promptly without waiting for physical documents, thereby reducing delays and potential disputes over the validity of transmitted instructions.
TELEFAX INSTRUCTIONS. Back-Up Method A payment order transmitted to the Custodian by telefax transmission shall transmitted by the Company to a telephone number specified from time to time by the Custodian for such purposes. If it detects no discrepancies, the Custodian will then either: