Agent’s Own Account; Clients’ Account Clause Samples
The 'Agent’s Own Account; Clients’ Account' clause defines the distinction between transactions or actions performed by an agent for their personal benefit versus those conducted on behalf of clients. In practice, this clause clarifies when an agent is acting in their own interest, such as making investments for themselves, as opposed to executing trades or managing assets for clients. By establishing this separation, the clause helps prevent conflicts of interest and ensures transparency, thereby protecting clients and maintaining trust in the agent-client relationship.
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Agent’s Own Account; Clients’ Account. The Company consents to the Agent trading, in compliance with applicable law, in the Common Shares for the Agent’s own account and for the account of its clients at the same time as sales of the Shares occur pursuant to this Agreement.
Agent’s Own Account; Clients’ Account. The Company acknowledges that the Agent has informed the Company that the Agent may engage in trading, in compliance with applicable law, in the Common Shares for the Agent’s own account and for the account of its clients at the same time as sales of the Shares occur pursuant to this Agreement, provided that the Company shall not be deemed to have authorized to any such purchases or sales by the Agent.