Common use of PROHIBITED TERMS Clause in Contracts

PROHIBITED TERMS. The following terms shall not be included in the debt management services agreement: (1) a hold harmless clause; (2) a confession of judgment, or a power of attorney to confess judgment against the debtor or appear as the debtor in any judicial proceeding; (3) a waiver of the right to a jury trial, if applicable, in any action brought by or against a debtor; (4) an assignment of or an order for payment of wages or other compensation for services; (5) a provision in which the debtor agrees not to assert any claim or defense arising out of the debt management services agreement; (6) a waiver of any provision of this chapter or a release of any obligation required to be performed on the part of the debt management services provider; (7) a mandatory arbitration clause; or (8) a clause selecting a law other than the laws of Minnesota or a venue other than the state of Minnesota under which the debt management services agreement or any other dispute involving the provision of debt management services is governed or enforced.

PROHIBITED TERMS. The following terms shall not be included in the debt management services agreement: (1) a hold harmless clause; (2) a confession of judgment, or a power of attorney to confess judgment against the debtor or appear as the debtor in any judicial proceeding; (3) a waiver of the right to a jury trial, if applicable, in any action brought by or against a debtor; (4) an assignment of or an order for payment of wages or other compensation for services; (5) a provision in which the debtor agrees not to assert any claim or defense arising out of the debt management services agreement; (6) a waiver of any provision of this chapter or a release of any obligation required to be performed on the part of the debt management services provider;; or (7) a mandatory arbitration clause; or (8) clause or a clause selecting a law other than the laws of Minnesota or a venue other than the state of Minnesota under which the debt management services agreement or any other dispute involving the provision of debt management services is governed or enforced.