In this Agreement the following expressions shall have the following meanings:
Means this agreement,
Means any period or term agreed from time to time between the parties.
Means any law, case law, legislation, instrument, rule, order, regulation, directive, requirement, guidance or byelaw which applies to, concerns or otherwise affects any party’s obligations under this Agreement from time to time, and includes any direction given by any regulator of either party.
Means a day when banks are usually open for business in the Island or the United Kingdom and other than a Saturday, Sunday and bank or public holiday.
Means the amounts payable by the Principal to the Introducer in exchange for introductions leading to Business being written. Commission rates will be agreed by both parties, documented in separate commission schedule and reviewed on an annual basis.
“Cherry Godfrey Materials”
Means any marketing materials provided from time to time by Cherry Godfrey.
Means a customer of the Introducer to whom the Introducer introduces the Principal’s Credit or Insurance Business.
Means Credit Business written on the books of the Principal and introduced by the Introducer under the terms of this Agreement.
“Intellectual Property Rights”
Means any and all rights, patents, trade and service marks, design rights, copyright, moral rights, know-how, trade secrets, database rights and other similar rights or obligations of any nature whatsoever, whether registered or not registered or capable of registration in any country.
Means Insurance Business written on the books of the Principal and introduced by the Introducer under the terms of this Agreement.
“Introducer’s Group Company”
Means any other company or registered trading style connected to the Introducer.
Means the Bailiwick of Guernsey, Bailiwick of Jersey and the Isle of Man.
“Professional Indemnity Insurance”
Means a commercial Professional Indemnity Insurance Policy held by the Principal or the Introducer.
Means Credit or Insurance Business written on the books of the Principal and introduced by the Introducer under the terms of this Agreement.
“Principal’s Group Company”
Means any other company or registered trading style connected to the Principal.
Either party may terminate this agreement by providing written notice to the other.