Common use of MANAGEMENT PROGRAM Clause in Contracts

MANAGEMENT PROGRAM. A. The Account shall be managed in accordance with Beacon’s Enhanced Financials program, as modified from time to time by Beacon. B. In managing the Account, Beacon agrees to use its best judgment and efforts for the Client’s benefit. However, the parties agree that the Client shall bear all risk of gain or loss in the Account and all expenses of the Account. No assurance can be given that Beacon’s trading will result in profits for the Client or that the Client will not incur losses or that losses will be limited. Beacon is not qualified to give, and will not give, any advice with respect to the tax treatment of profits or losses in the Account.