Common use of YOUR MEMBERSHIP Clause in Contracts

YOUR MEMBERSHIP. 3.1 By submitting your application for membership to us, you agree to be bound by the terms of this agreement (as may be updated, amended or supplemented by us from time to time and notified to you in writing). 3.2 Your application for membership is subject to the approval of IFSEA Limited and full payment of the Membership Fee in accordance with clause 5. 1. We will contact you if your application for membership is approved. This will usually be within 10 working days following receipt of your application for membership but in some instances it may be longer. 3.3 We will not be required to provide you with an update as to the status of your application for membership or any explanation if your application for membership is rejected. You do not have any right to appeal if your application for membership is rejected. 3.4 Your membership of IFSEA will commence upon the later of: 3.4.1 the date of our notice to you of our acceptance of your application for membership; and 3.4.2 our receipt of your Membership Fee. 3.5 Your membership of IFSEA shall be for the calendar year and shall automatically renew on 1 January each year for a further 12 months, unless and until your membership is cancelled in accordance with clause 9.