Common use of Technical Risks Clause in Contracts

Technical Risks. The Client accepts the risks of financial losses incurred because of failures of information, communication, electronic and other systems. The Client accepts the risks of financial losses, which can happen because of the malfunction of hardware and software facilities and poor communication at the Client’s side. The Client bears responsibility for their financial losses incurred because of ignorance of the instructions presented in the Client’s Terminal Instruction Manual.

Technical Risks. 6.12.1. The Client accepts the risks of financial losses incurred because of failures of information, communication, electronic and other systems. 6.12.2. The Client accepts the risks of financial losses, which can happen because of the malfunction of hardware and software facilities and poor communication at the Client’s side. 6.12.3. The Client bears responsibility for their financial losses incurred because of ignorance of the instructions presented in the Client’s Terminal Instruction Manual.