Common use of Liability of the Client Clause in Contracts

Liability of the Client. 12.1. The Client is liable for and will compensate any damage suffered by the Bank and resulting from the Client’s breach of any of his/her contractual or legal obligations. 12.2. The Client is liable for any and all losses arising from unauthorised transactions where: 12.2.1. The Client has with intent or gross negligence compromised the security of his/her access to the App and/or the Service or failed to comply with his/her obligations to use the App and/or the Service in a way prescribed by this Agreement; or 12.2.2. The Client fails to notify the Bank about an unauthorised or incorrect transaction within twelve (12) months of the date of that transaction.

Liability of the Client. 12.1. The Client is liable for and will compensate any damage suffered by any of the Bank Service Provider and resulting from the Client’s breach of any of his/her contractual or legal obligations. 12.2. The Client is liable for any and all losses arising from unauthorised transactions where: 12.2.1. The Client has with intent or gross negligence compromised the security of his/her access to the App and/or the Service or failed to comply with his/her obligations to use the App and/or the Service in a way prescribed by this Tripartite Agreement; or 12.2.2. The Client fails to notify the Bank about an unauthorised or incorrect transaction within twelve (12) months of the date of that transaction.