Business Account Terms and Conditions Clause Samples

The 'Business Account Terms and Conditions' clause defines the rules and obligations governing the use of a business account with a service provider or financial institution. It typically outlines eligibility requirements, permitted uses, account management procedures, and the responsibilities of both the account holder and the provider. For example, it may specify how transactions are authorized, how fees are assessed, and what actions may result in account suspension. This clause ensures that both parties have a clear understanding of their rights and duties, reducing the risk of disputes and promoting smooth account operation.
Business Account Terms and Conditions. As a Business Customer, you agree to comply with all existing and future instructions used by the Bank for processing of Transactions. You further agree to comply with and be bound by all Applicable Laws, rules and regulations affecting the use of checks, drafts, fund transfers, and ACH transactions, including but not limited to, rules and procedural guidelines established by the Federal Trade Commission ("FTC"), the Board of Governors of the Federal Reserve, the National Automated Clearing House Association ("NACHA") and any other clearinghouse or other organization in which the Bank is a member or to which rules the Bank has agreed to be bound. These laws, procedures, rules, regulations, and definitions are incorporated herein by reference. You and the Bank acknowledge and agree that the relationship between the Bank and Customer is that of an independent contractor and that this Agreement does not establish or create a general agency, joint venture, partnership, or employment relationship between them.
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  • Standard Terms and Conditions Executive expressly understands and acknowledges that the Standard Terms and Conditions attached hereto are incorporated herein by reference, deemed a part of this Agreement and are binding and enforceable provisions of this Agreement. References to “this Agreement” or the use of the term “hereof” shall refer to this Agreement and the Standard Terms and Conditions attached hereto, taken as a whole.