Common use of General Term Clause in Contracts

General Term. 1.1 The Broker and TUL will mutually conduct their regulated activities in accordance with the rules and requirements of the relevant regulator. 1.2 For the purpose of the Agreement the Broker is, at all times, acting as the agent of its clients and not TUL. The Broker has no authority to act on behalf of TUL, unless otherwise expressly stated. For the avoidance of doubt the Broker is solely responsible for the advice which it gives to its clients. The Broker shall be acting as the agent of its clients, not TUL in relation to the preparation of all proposal forms, statements of fact, e-trading submissions, cover notes and other documentation relating to any insurance underwritten or placed by TUL. The Broker must make the client aware of their requirement to disclose all material facts. 1.3 TUL undertakes not directly or knowingly to solicit the clients of the Broker away from the Broker during the currency of the Agreement or for two years following the termination of this Agreement but we may contact orphaned clients in the event that the Broker is no longer able to service them because of their permissions being revoked, subject to clause 8.5 below. 1.4 The Broker shall not appoint any sub-agent to deal with the insurance business of TUL, unless expressly agreed in writing and strictly subject to any terms imposed by TUL. 1.5 The Broker and TUL may, by mutual written consent, agree to vary the terms and conditions of this Agreement at any time. 1.6 The Broker shall immediately advise TUL in writing of any significant changes in the regulatory status, structure, location or domicile of the Broker. 1.7 Each party will fully and effectively indemnify the other party against any costs, loss, liability or any expense whatsoever which may be suffered by the other party directly or indirectly as a result of any service performed or action taken or omitted to be taken by the first party, save to the extent that the same is due to the other party’s negligence, wilful default or fraud. 1.8 The Broker expressly agrees that nothing in this Agreement obligates TUL to accept any proposal for insurance or renewal of any existing policy or to maintain cover of any existing policy in line with policy terms and conditions. Cover is not effective until the Broker is in receipt of written confirmation from TUL. 1.9 Nothing in this Agreement shall grant the Broker authority to accept, amend or vary Insurance Business, settle, negotiate or compromise claims, alter any document or policy, make any non-exempt financial promotion on TUL’s behalf, and/or commit TUL in any way. 1.10 The Broker will not use or display any advertisement or banner or any other promotional material which refers to TUL or our business without our prior written consent.

General Term. 1.1 The Broker and TUL will mutually conduct their regulated activities in accordance with the rules and requirements of the relevant regulator. 1.2 For the purpose of the Agreement the Broker is, at all times, acting as the agent of its clients and not TUL. The Broker has no authority to act on behalf of TUL, unless otherwise expressly stated. For the avoidance of doubt the Broker is solely responsible for the advice which it gives to its clients. The Broker shall be acting as the agent of its clients, not TUL in relation to the preparation of all proposal forms, statements of fact, e-trading submissions, cover notes and other documentation relating to any insurance underwritten or placed by TUL. The Broker must make the client aware of their requirement to disclose all material facts. 1.3 TUL undertakes not directly or knowingly to solicit the clients of the Broker away from the Broker during the currency of the Agreement or for two years following the termination of this Agreement but we TUL may contact orphaned clients in the event that the Broker is no longer able to service them because of their permissions being revoked, subject to clause 8.5 below. 1.4 The Broker shall not appoint any sub-agent to deal with the insurance business of TUL, unless expressly agreed in writing and strictly subject to any terms imposed by TUL. 1.5 The Broker and TUL may, by mutual written consent, agree to vary the terms and conditions of this Agreement at any time. 1.6 The Broker shall immediately advise TUL in writing of any significant changes in the regulatory status, structure, location or domicile of the Broker. 1.7 Each party will fully and effectively indemnify the other party against any costs, loss, liability or any expense whatsoever which may be suffered by the other party directly or indirectly as a result of any service performed or action taken or omitted to be taken by the first party, save to the extent that the same is due to the other party’s negligence, wilful default or fraud. 1.8 The Broker expressly agrees that nothing in this Agreement obligates TUL to accept any proposal for insurance or renewal of any existing policy or to maintain cover of any existing policy in line with policy terms and conditions. Cover is not effective until the Broker is in receipt of written confirmation from TUL. 1.9 Nothing in this Agreement shall grant the Broker authority to accept, amend or vary Insurance Business, settle, negotiate or compromise claims, alter any document or policy, make any non-exempt financial promotion on TUL’s behalf, and/or commit TUL in any way. 1.10 The Broker will not use or display any advertisement or banner or any other promotional material which refers to TUL or our business without our prior written consent.