Common use of Term of validity Clause in Contracts

Term of validity. 8.1. This Partner Agreement comes into effect after it is accepted by the Introducing Broker on the Website, and it is valid until the moment when one of the parties decides to terminate it. The Company may require a signed Partner Agreement at any time. 8.2. Either party (Company or Introducing Broker) can terminate the Agreement by giving five (5) business days written notice to the other party. 8.3. The Company shall reserve the right to terminate or suspend without notice this Agreement or any rights of the Introducing Broker that may fall under the provisions of this Agreement and/or its annex hereto attached or related, due to any malpractice, breach, failure or other significant events, including liquidation or insolvency, on the part of the Introducing Broker. Such termination will be at the sole discretion of the Company. 8.4. Upon termination of the Agreement, the Introducing Broker is obliged to return to the Company any Company materials used to promote his business (e.g., newsletters, banners, text, etc.). In the case where the Introducing Broker maintains a website, social media and is using any Company materials, the Introducing Broker is obliged to immediately withdraw such materials upon the termination of the said Agreement. 8.5. Furthermore, the Company may terminate this Agreement forthwith for cause, upon written notice to the Introducing Broker, if: (a) it becomes unlawful for the Company and/or the Introducing Broker to perform or comply with any one or more of the Introducing Broker’s obligations under this Agreement; or (b) the Introducing Broker ceases, in Company’s reasonable opinion, to be fit and proper to introduce/provide the Services to Company, if the Introducing Broker no longer holds the necessary authorization, license or consent to perform the obligations under this Agreement or if is prevented for any reason from carrying out the activities and/or obligations hereunder; and (c) in the event of any change in applicable law or government regulations.

Term of validity. 8.1. This Partner Agreement comes into effect after it is accepted by the Introducing Broker on the Website, and it is valid until the moment when one of the parties decides to terminate it. The Company may require a signed Partner Agreement at any time. 8.2. Either party (Company or Introducing Broker) can terminate the Agreement by giving five (5) business days written notice to the other party. 8.3. The Company shall reserve the right to terminate or suspend without notice this Agreement or any rights of the Introducing Broker that may fall under the provisions of this Agreement and/or its annex hereto attached or related, due to any malpractice, breach, failure or other significant events, including liquidation or insolvency, on the part of the Introducing Broker. Such termination will be at the sole discretion of the Company. 8.4. Upon termination of the Agreement, the Introducing Broker is obliged to return to the Company any Company materials used to promote his business (e.g., newsletters, banners, text, etc.). In the case where the Introducing Broker maintains a website, social media and is using any Company materials, the Introducing Broker is obliged to immediately withdraw such materials upon the termination of the said Agreement. 8.5. Furthermore, the Company may terminate this Agreement forthwith for cause, upon written notice to the Introducing Broker, if: (a) it becomes unlawful for the Company and/or the Introducing Broker to perform or comply with any one or more of the Introducing Broker’s obligations under this Agreement; or (b) the Introducing Broker ceases, in Company’s reasonable opinion, to be fit and proper to introduce/provide the Services to Company, if the Introducing Broker no longer holds the necessary authorization, license or consent to perform the obligations under this Agreement or if is prevented for any reason from carrying out the activities and/or obligations hereunder; and (c) in the event of any change in applicable law or government regulations.or