Common use of Non-Discretionary Service Limitations Clause in Contracts

Non-Discretionary Service Limitations. As a non-discretionary engagement, the CLIENT must be willing to accept that the ADVISER cannot effect any Account transactions without obtaining prior verbal consent to any such transaction(s) from the CLIENT. Thus, in the event of a market correction, during which the CLIENT is unavailable, the ADVISER will be unable to effect any Account transactions without first obtaining the CLIENT’s verbal consent;