Common use of Technical Risk Clause in Contracts

Technical Risk. Client accepts the risks of financial losses incurred because of failures of information, communication, electronic and other systems. Client accepts the risks of financial losses, which can happen because of malfunction of hardware and software facilities and poor communication at Client’s side. Client bears responsibility for his financial losses incurred because of ignorance of the instructions presented in the Client’s Terminal Instruction Manual.

Technical Risk. Client Customer accepts the risks of financial losses incurred because of failures of information, communication, electronic and other systems. Client Customer accepts the risks of financial losses, which can happen because of malfunction of hardware and software facilities and poor communication at ClientCustomer’s side. Client Customer bears responsibility for his financial losses incurred because of ignorance of the instructions presented in the ClientCustomer’s Terminal Instruction Manual.