Advice Limitations Sample Clauses
The Advice Limitations clause defines the boundaries and restrictions on the advice provided under an agreement. Typically, it clarifies that any advice given is limited to specific subject matter, jurisdictions, or circumstances, and may exclude certain types of advice such as legal, tax, or investment guidance. This clause ensures that the recipient understands the scope of the advice and prevents misunderstandings or liability for issues outside the agreed-upon expertise or context.
Advice Limitations. 2.1. The Client, as agent for the Underlying Customers and on its own behalf, retains full responsibility for making all investment decisions with respect to any Underlying Customer. BCS will not be responsible for judging the merits or suitability of any Transaction to be entered into on behalf of an Underlying Customer. Unless otherwise required under the Applicable Regulations, BCS shall have no responsibility for the Client’s or any Underlying Customer’s compliance with any laws or rules governing or affecting Client’s conduct or that of any Underlying Customer, or for Client's or any Underlying Customer’s compliance with any laws or rules governing or affecting Transactions.