18.2 Interpretation In this Agreement, the following rules of interpretation apply, unless otherwise desired: the Agreement confers on the Adviser discretion or non-discretionary power. With discretion, the advisor can create your account without prior consultation with you. In case of discretion, the advisor must obtain your consent prior to each transaction. For both types of powers, the agreement should clearly indicate which assets are to be managed. This is usually done by referring to a given account or account, which is held in your name with a particular custodian. 17.6 Salvatorial Clause Any provision of this Agreement, which is wholingly or partially void or unenforceable, is severable to the extent that it is void or unenforceable. This does not affect the validity or enforcement of the rest of the agreement. For example, loans and cash). In addition to the consultant`s fees, you are responsible for brokerage commissions and fees and expenses of the custodian bank and other providers (unless it is a “Wrap” account).
10.2 Confirmation by the Investor Notwithstanding clause 10.1, you acknowledge that Jelix performs similar administrative functions for other clients (including clients related to Jelix) and that it owes such other clients obligations identical or similar to the obligations it owes under this Agreement. When its clients purchase securities from the same issuer, Jelix acts in the best interests of clients as a whole with respect to that issuer. 1. Introduction 2. When will this agreement apply? 3. Acknowledgements 4. Administrative functions 5. Exceptions 6. Proxy 7. Nominee 8. Possibilities of acquiring other securities 9. Statement 10.
Commitments of Jelix 11. Fee 12. Termination 13. Limitations of Liability 14. Confidentiality 15. Insurance and guarantees 16. GST 17. General 18. Definitions and interpretation The establishment fee has the meaning set out in clause 11.1. The contract should provide that it can be terminated by you at any time or at a relatively short period of time (for example. B 30 days) without penalty.
If you are not satisfied with the advisor, you should be able to end the relationship at no additional cost. 17.1 Choice of Law (Governing Law) This Agreement is governed by the laws of New South Wales. . . .