Common use of Term and Exclusivity of Agreement Clause in Contracts

Term and Exclusivity of Agreement. 5.1 No relationship of principal and agent or partnership or joint venture between the parties hereto is intended to be established and neither party shall hold itself out as the agent, partner or joint venturer of or with the other party in any respect whatsoever. Except for this Agreement and the General Agent Agreement, no other legal relationship is intended between the parties. 5.2 This Agreement may be terminated at any time by either party upon thirty (30) days written notice to the other, and may be terminated immediately by IBS for cause. For purposes of this Section, "cause" shall mean failure to return money to clients where appropriate, failure to account for any money received from or on behalf of IBS, any fraud, misrepresentation or dishonesty in any relationship with IBS, its affiliates, or any past, present or proposed client, violation of any federal or state law or regulation, or violation of any of the terms of this Agreement. 5.3 Notice of termination shall be deemed to be given on the day mailed or delivered by hand to an officer of either party. If mailed to IBS, such notice shall be addressed to the principal office of IBS, and if mailed to the Broker-Dealer, shall be addressed to the last known address as shown on the records of IBS.

Term and Exclusivity of Agreement. 5.1 No relationship of principal and agent or partnership or joint venture between the parties hereto is intended to be established and neither party shall hold itself out as the agent, partner or joint venturer of or with the other party in any respect whatsoever. Except for this Agreement and the General Agent Agreement, no other legal relationship is intended between the parties. 5.2 This Agreement may be terminated at any time by either party upon thirty (30) days written notice to the other, and may be terminated immediately by IBS for cause. For purposes of this Section, "cause" shall mean failure to return money to clients where appropriate, failure to account for any money received from or on behalf of IBS, any fraud, misrepresentation or dishonesty in any relationship with IBS, its affiliates, or any past, present or proposed client, violation of any federal or state law or regulation, or violation of any of the terms of this Agreement. 5.3 Notice of termination shall be deemed to be given on the day mailed or delivered by hand to an officer of either party. If mailed to IBS, such notice shall be addressed to the principal office of IBS, and if mailed to the Broker-Dealer, shall be addressed to the last known address as shown on the records of IBS.principal

Term and Exclusivity of Agreement. 5.1 No relationship of principal and agent or partnership or joint venture between the parties hereto is intended to be established and neither party shall hold itself out as the agent, partner or joint venturer of or with the other party in any respect whatsoever. Except for this Agreement and the General Agent Agreement, no other legal relationship is intended between the parties. 5.2 This Agreement may be terminated at any time by either party upon thirty (30) days written notice to the other, and may be terminated immediately by IBS for cause. For purposes of this Section, "“cause" ” shall mean failure to return money to clients where appropriate, failure to account for any money received from or on behalf of IBS, any fraud, misrepresentation or dishonesty in any relationship with IBS, its affiliates, or any past, present or proposed client, violation of any federal or state law or regulation, or violation of any of the terms of this Agreement.. KI – 8259 2 of 4 250 (12/06) 5.3 Notice of termination shall be deemed to be given on the day mailed or delivered by hand to an officer of either party. If mailed to IBS, such notice shall be addressed to the principal office of IBS, and if mailed to the Broker-Dealer, shall be addressed to the last known address as shown on the records of IBS.

Term and Exclusivity of Agreement. 5.1 No relationship of principal and agent or partnership or joint venture between the parties hereto is intended to be established and neither party shall hold itself out as the agent, partner or joint venturer of or with the other party in any respect whatsoever. Except for this Agreement and the General Agent Agreement, no other legal relationship is intended between the parties. 5.2 This Agreement may be terminated at any time by either party upon thirty (30) days written notice to the other, and may be terminated immediately by IBS for cause. For purposes of this Section, "cause" shall mean failure to return money to clients where appropriate, failure to account for any money received from or on behalf of IBS, any fraud, misrepresentation or dishonesty in any relationship with IBS, its affiliates, or any past, present or proposed client, violation of any federal or state law or regulation, or violation of any of the terms of this Agreement. 5.3 Notice of termination shall be deemed to be given on the day mailed or delivered by hand to an officer of either party. If mailed to IBS, such notice shall be addressed to the principal office of IBS, and if mailed to the Broker-Dealer, shall be addressed to the last known address as shown on the records of IBS.