Joint Registration Clause Samples
The Joint Registration clause establishes that two or more parties are collectively recognized as registrants of a particular asset, right, or interest. In practice, this means that all named parties share equal rights and responsibilities regarding the registered item, such as intellectual property, real estate, or business interests. This clause ensures that each party's involvement is formally acknowledged, preventing disputes over ownership and clarifying the management and use of the jointly registered asset.
Joint Registration. If your Account consists of more than one Customer, your obligations under this Agreement shall be joint and several among all Account holders. References to "Customer", “you” and “your” shall include all Customers identified in your Account documents. RQD may rely on transfer or other instructions from your Introducing Broker or any one of the Customers in a joint Account, and such instructions shall be binding on each Customer. RQD may deliver Securities and other property, and send confirmations, notices, statements and communications of every kind to any one of the Customers, and such action shall be binding on each Customer. Notwithstanding the foregoing, RQD is authorized in its sole discretion to require joint action by some or all Customers with respect to any matter concerning a joint account, including but not limited to the giving or cancellation of orders and the withdrawal of money or Securities. In the case of Tenants by the Entirety accounts, joint action will be required for all matters concerning the joint account. Tenants by Entirety accounts are not recognized in certain jurisdictions, and, where not expressly allowed, will not be a permitted designation of the account.
Joint Registration. For joint owners, whether joint tenants with rights of survivorship or joint tenants in common, any obligations or liabilities resulting from one account owner’s actions are the responsibility of each account owner, both individually and jointly. We or the Clearing Firm may enforce this Agreement against all account owners or against any one of them individually. Each owner of a joint account may act as if he or she were the sole owner of the account, with no further notice or approval necessary from other joint owners. For example, a joint owner can — in his or her own name — write checks, buy and sell securities, withdraw or transfer assets, borrow against the account through margin), arrange for account statements to be sent only to them, or change the account’s features and services (although no account owner may remove another’s name from the account without their authorization). In addition, with joint accounts, the principle of “notice to one is notice to all” applies. We or the Clearing Firm are legally considered to have fulfilled our obligation to you and the account if we fulfill it with respect to just one account owner (for example, sending statements or other required communications to just one account owner). The Parties are not obligated to question the purpose or propriety of any instruction of a joint account owner that appears to be authentic, or to let other owners know about any changes an owner has made to the account, unless we have received written notice to the contrary, from another account owner. The Parties reserve the right at any time and at their discretion to require the written consent of all account owners before acting on an instruction from one account owner. In the event of death of any one of you, the survivor or survivors will notify us immediately. We may take such actions as we deem necessary, such as request additional documents, retain such portion and/or restrict transactions in the account to protect us against any claim, penalty or loss. The estate of any deceased account owner or any other living account owner shall be liable, jointly and severally, to us for any debt or loss in this account resulting from the completion of transactions initiated prior to our receipt of a written notice of such death or incurred in the liquidation of the account or the adjustment of the interest of the respective parties. Laws covering joint or community property vary by state. You are responsible for verifying that the joint ...