Common use of The Relationship Clause in Contracts

The Relationship. 2.1 This Agreement sets out the basis on which We accept Applications from You and governs the provision and use of the Services. It supersedes any previously issued terms of business between Us and You. 2.2 We will supply You with Asset Backed Loan Information about the Brands, including the eligibility criteria for the Asset Backed Loans, the identity of the lending Brand, any other material information and shall ensure that all such Asset Backed Loan Information is accurate, up to date and compliant with all Applicable Regulations. 2.3 You may (but are not obliged to) request quotations and submit applications for Asset Backed Loans to Us on behalf of Applicants. 2.4 We will only accept Applications if You hold all Relevant Permissions to conduct Your business in accordance with this Agreement. 2.5 You acknowledge that We reserve the right at Our sole discretion to decide whether to accept or decline all or any Applications for Asset Backed Loans and We are not required to give a reason for doing so. 2.6 We may be required to report to the FCA and/or the PRA the basis on which business is conducted between You and the Applicant.‌ 2.7 We may share the information You provide with fraud prevention agencies. If false or inaccurate information is provided and suspected fraud is identified or You are suspected of knowingly submitting fraudulent Loan Applications, We will notify fraud prevention agencies. We and others may also access and use any of this information to prevent fraud. Please contact Us if You want details of relevant fraud prevention agencies from whom We obtain and with whom We record information about You. You have a legal right to these details. 2.8 Nothing in this Agreement shall be construed as creating a partnership, joint venture or other co-operative agency between You and Us. 2.9 You are not, and may not purport or hold yourself out to be, Our agent unless and except to the extent specifically authorised by Us in writing. You have no authority, and shall not hold Yourself out, or permit any person to hold You out, or otherwise create the impression that You are authorised, to bind Us in any way, and shall not do anything which might reasonably create the impression that You are so authorised. You shall not make or enter into any contracts or commitments or incur any liability for or on Our behalf, including for the provision of the Asset Backed Loans or the price for them, and shall not negotiate any terms for the provision of the Asset Backed Loans with Applicants. 2.10 You are presumed to act on behalf of the Applicant throughout Your relationship with Us, as governed by this Agreement, unless and until such time as We are advised otherwise. 2.11 This Agreement is made on a non-exclusive basis. For the avoidance of doubt nothing will prevent Us from appointing other brokers, networks or clubs to promote Our Asset Backed Loans or other products or prevent Us from accepting applications for Asset Backed Loans from other brokers or members of other networks or clubs. We acknowledge and agree that no obligations are placed on You to refer any business or a particular quantity of business to Us.