Common use of Duration and Termination of the Agreement Clause in Contracts

Duration and Termination of the Agreement. 1. The Agreement herein shall be concluded for an indefinite term. 2. The Agreement herein shall come into force when the Client accepts the Agreement and makes an advance payment to the Company. 3. In case of any discrepancies between the text of the Agreement in English and its translation in any other language, the text of the Agreement in English as a whole shall prevail, as well as the English version/text of any other documentation/information published on the Website. 4. The Agreement may be terminated in any of the following circumstances: a. Each Party shall be entitled to terminate this Agreement at any time by giving to the other Party 15 (fifteen) days’ written notice. During the 15 days notice, the Company may limit the services available to the Client, however, access will be granted in order for the Client to withdraw any remaining balance. b. The Company shall be entitled to terminate this Agreement immediately, close all open positions, block the Client’s account, and return any remaining funds (if applicable) and without giving prior notice under the following circumstances: i. Death or legal incompetence of the Client. ii. If any application is made or any order is issued, or a meeting is convened, or a resolution is approved, or any measures of bankruptcy or winding up of the Client are taken. iii. The Client violates or the Company has reasonable grounds to believe that the Client violated, any of the Client’s obligations under and/or terms of, this Agreement and/or is in breach of any of the warranties and representations made by her/him in this Agreement.