{"id":1362,"date":"2023-05-25T11:45:04","date_gmt":"2023-05-25T11:45:04","guid":{"rendered":"https:\/\/qiuntex.eu\/?page_id=1362"},"modified":"2023-05-25T12:24:03","modified_gmt":"2023-05-25T12:24:03","slug":"terms-conditions-uk","status":"publish","type":"page","link":"https:\/\/qiuntex.eu\/uk\/terms-conditions-uk\/","title":{"rendered":"Terms & Conditions UK"},"content":{"rendered":"
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Terms & Conditions UK<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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INTRODUCED CLIENT SCHEDULE\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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MODULR INTRODUCED CLIENT TERMS OF BUSINESS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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BACKGROUND<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Modulr is a provider of Modulr Products (as described to you by Partner Platform), which includes the provision of an electronic money account for businesses and associated payment services. The electronic money account is provided by Modulr FS. These Introduced Client Terms of Business govern the Modulr Products that Modulr agrees to provide to the Introduced Client.\u00a0<\/span><\/p>

These Introduced Client Terms of Business \u200e(including all the attached Schedules)\u200e, together with the Modulr Account Terms and Conditions set out the terms on which the Modulr Products are provided and constitute the Agreement between Modulr, Modulr FS and the Introduced Client.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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THE PARTIES AGREE AS FOLLOWS:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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1. Interpretation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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1.1. In these Introduced Client Terms of Business: (a) a reference to a clause is a reference to a clause in these Introduced Client Terms of Business; (b) headings are for reference only and shall not affect the interpretation of these Introduced Client Terms of Business; (c) the singular shall include the plural and vice versa; (d) a reference to a person includes a natural person, corporate or unincorporated body (whether or not having separate legal personality) and that person’s personal representatives, successors and permitted assigns; (e) a reference to a party shall include its personal representatives, successors and permitted assigns; (f) reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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2. Modulr Products<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2.1. Modulr will make available to the Introduced Client such products that are provided to the Partner Platform and, as described by Partner Platform in the application process.<\/span><\/p>

2.2. The Introduced Client agrees to the Partner Platform providing all such information to Modulr who will check and verify the identity of the Introduced Client, its directors, beneficial owners and Authorised Users as required by law.<\/span><\/p>

2.3. The Introduced Client acknowledges that a search of the electoral register may take place for anti-money laundering purposes on the individuals listed in clause 2.2 above. <\/span><\/p>

2.4. The Introduced Client acknowledges that a \u201csoft footprint\u201d search may be placed on the electronic files of the individuals noted in clause 2.2 above by the Credit Reference Agencies and their personal details may be accessed by third parties for the specific purpose of anti-money laundering and countering the financing of terrorism (AML\/CFT), identity verification and fraud prevention.<\/span><\/p>

2.5. The Account and Cards (where applicable) are provided by Modulr to the Introduced Client in accordance with the Modulr Account Terms and Conditions. Modulr Products provided to the Introduced Client under this Agreement are for the sole use by the Introduced Client.\u00a0\u00a0\u00a0<\/span><\/p>

2.6. The Introduced Client can use the Account and Cards (where applicable) to make Transactions on the terms and conditions set out in the Modulr Account Terms and Conditions. A record of all Transactions relating to the Account can viewed on the Website or accessed via the Partner Platform (as applicable).\u00a0\u00a0<\/span><\/p>

2.7. The Introduced Client shall promptly notify Customer Services as soon as it becomes aware login and security information enabling access to its Modulr Products have been lost, stolen or compromised.\u00a0<\/span><\/p>

2.8. From time to time Modulr may carry out additional checks on the Introduced Client, including the identity of its directors, beneficial owners and the nature of its business in accordance with its Due Diligence Procedure and as required by law.\u00a0 Modulr may contact the Introduced Client or the Partner Platform (as applicable) for such purposes.\u00a0 The Introduced Client agrees to provide such information as necessary.\u00a0<\/span><\/p>

2.9. The Introduced Client shall comply with all legislation and regulation as it applies to the Introduced Client. Any failure to comply with relevant legislation or regulation shall be considered a material breach of the Agreement and may result in Modulr discontinuing the provision of the Modulr Products as set out in clause 6.4.\u00a0<\/span><\/p>

2.10. The Introduced Client shall implement as appropriate Modulr\u2019s reasonable security recommendations it notifies to the Introduced Client from time to time. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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3. Authorised Users<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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3.1. Access to the Modulr Products is restricted to individuals that have been designated by the Introduced Client as Authorised Users.\u00a0\u00a0\u00a0<\/span><\/p>

3.2. The Introduced Client must notify Modulr of all individuals it wishes to be an Authorised User.\u00a0<\/span><\/p>

3.3. Each Authorised User is permitted to access and use the Modulr Products in accordance with these Introduced Client Terms of Business.\u00a0\u00a0<\/span><\/p>

3.4. The Introduced Client will be responsible for training its Authorised Users in the appropriate use of Modulr Products.\u00a0<\/span><\/p>

3.5. The Introduced Client shall ensure its Authorised Users;\u00a0<\/span><\/p>