Common use of Non-Exclusive Advisory Services Clause in Contracts

Non-Exclusive Advisory Services. It is understood that Portfolio Advisors, Inc. performs investment advisory services for various clients. Client agrees that we may give advice and take action with respect to any of our other clients that may differ from advice given to Client. Nothing in this Agreement shall limit or restrict Portfolio Advisors, Inc. from rendering investment advisory services to any other person or firm, or to engage in any other business activities so long as this Agreement or any extension, renewal or amendment hereof shall remain in effect, or until we may otherwise consent. Portfolio Advisors, Inc. will not have any obligation to recommend for purchase or sale, for the Portfolio, any security or other asset we may purchase, hold or sell for our own accounts or for the accounts of any other clients. TERM: Either party may terminate this Advisory Agreement anytime upon receipt of written notice. Termination will be effective as of the date written notice is received. Client may terminate this agreement within five (5) business days after entering the agreement and incur no management fees. Your death, disability or incompetency will not automatically terminate or change the terms of this agreement. However, your personal representative, guardian, attorney-in-fact, or other authorized representative may cancel this agreement by giving written notice to us. This allows our continued involvement on behalf of your heirs unless this agreement is cancelled as stated above.