Inherent Risks and Limitation of Typhon’s Liability. Typhon's recommendations and authorizations shall be for the Managed Account and risk of Client. Client understands there are substantial risks inherent in futures and options trading. Client assumes the responsibility of losses that may be incurred, including an obligation to restore any debit balances with the Clearing Broker. Typhon makes no guarantee that any of its services will result in a profit or will not result in a loss for Client. Typhon will not be liable to Client or to others except by reason of acts constituting willful malfeasance or gross negligence as to its duties herein, and disclaims any liability for human and machine errors in orders to trade or not to trade the Strategy. Typhon shall use its best judgment and efforts in managing the Managing Account. Client warrants it has sufficient risk capital to tolerate losing more than the entire amount (notional or actual funds) committed to the Strategy without experiencing a material change in current activities or future plans.
Appears in 7 contracts
Samples: Advisory Agreement, Advisory Agreement, Advisory Agreement
