Losses and Shortages. The Contract Agent shall be responsible for any and bear the risk of any and all losses or shortages it may incur during the life of the Contract. This includes all losses or shortages in the proceeds and fees to be collected, and all costs of doing business, including credit card fees and costs of collection of checks returned unpaid from the bank. Any errors by the Contract Agent or any of its employees resulting in a financial liability will be the sole responsibility of the Contract Agent.
Losses and Shortages. The Commission Agent shall be responsible for and bear the risk of any and all losses or shortages it may incur during the life of the Contract. This includes all losses or shortages in the proceeds and fees to be collected, and all costs of doing business, including credit card fees and costs of collection of checks returned unpaid from the bank. Any errors by the Commission Agent or any of its representatives, employees, or processors resulting in a financial liability will be the sole responsibility of the Commission Agent.
