Terminate the Client Agreement Sample Clauses
The 'Terminate the Client Agreement' clause defines the conditions and procedures under which either party may end the contractual relationship. Typically, this clause outlines the required notice period, acceptable methods of notification, and any obligations that must be fulfilled before or after termination, such as final payments or return of property. Its core function is to provide a clear and fair process for ending the agreement, thereby reducing uncertainty and potential disputes between the parties.
Terminate the Client Agreement. Each of the following constitutes an “Event of Default”:
5.2.1 The failure of the Client to perform any obligation due to the Company including but not limited to; any amount due to the Company and/or any identification documentation required by the Company;
5.2.2 The Client is unable to pay the Client’s debts when they fall due;
5.2.3 The Client (if the Client is an individual) dies or is declared absent or becomes of unsound mind;
5.2.4 The Company suspects that the Client is involved/involves the Company, in any type of illegal or unethical actions such us, but not limited to, money laundering and/or terrorist financing or any other criminal activities. Such suspicions shall be determined in good faith by the Company;
5.2.5 The Clients attempts and/or performs any actions that are determined fraudulent or manipulative of certain market conditions.
5.2.6 A regulatory authority or body of court requires any action set in part 5.1 of this Agreement to take place;
5.2.7 Any statement of Warranty made by the Client in part 16 is untrue.
Terminate the Client Agreement. Each of the following constitutes an “Event of Default”: