ABOUT
US | REGULATIONS
AND COMPLIANCE | INTRODUCER
TERMS OF BUSINESS AGREEMENT
Name ……………………………………………………………………………………………………………
Address ………………………………………………………………………………………………………
Date ……………………………………………………………………………………………………………
Dear ……………………………………………………………………………………………………………
Further to our recent discussions, we are pleased that you are willing
to act as an Introducer to James Hallam Limited. James Hallam Limited
are authorised and regulated by the Financial Services Authority and
under their terms we are outlining the nature of our relationship.
THIS AGREEMENT is made the [INSERT DAY]
day of [INSERT
MONTH AND YEAR].
BETWEEN
(i) James Hallam Ltd of 5 Lloyd's Avenue London EC3N
3AE (“the Firm”).
and
(ii) NAME of ADDRESS (“the Introducer”).
IT IS HEREBY AGREED as follows
1) Definitions
“The Act” means The Financial Services and Markets Act 2000
“Commencement Date” means [INSERT DATE]
“FSA” means The Financial Services Authority
2) Commencement
This Agreement shall come into force on the Commencement Date.
3) Appointment
i) The Introducer will use the Firm to introduce potential clients.
ii) The Introducer is not authorised under the Act and agrees
that the
Firm is to be fully responsible for compliance with the Act for all business
introduced by the Introducer.
iii) The Firm’s FSA membership number is 134435.
4) Obligations of the Introducer
i) The Introducer must not provide the Firm with details of the
potential clients it introduces. The Introducer will give the potential client
information of the Firm and the client will contact the Firm direct.
ii) The Introducer can provide the potential client with the
Firms marketing literature and where appropriate arrange an interview for us.
iii) The Introducer can explain to a potential client that if
an enquiry is made they are unable to provide advice and assistance in purchasing
their insurance.
iv) The Introducer may not complete or help the client to complete
a proposal form for insurance or collect any information.
v) The Introducer agrees to notify the Firm immediately on the
occurrence of any matter that could have a significant adverse impact
on the reputation of the Introducer or the Firm.
5) Prohibitions
i) The Introducer must not hold itself out as acting on behalf
of the Firm and must make it clear to any client that it introduces to the Firm
that it is acting as an introducer to the Firm.
7) Termination
i) Either the Introducer or the Firm may terminate this Agreement
by providing one month’s written notice, or written notice of such other
period as may be agreed between them, subject to any shorter notice being adequate
to allow both parties to complete their obligations under this Agreement.
ii) Notwithstanding clause 7(i), the Firm may terminate this
Agreement without notice if the Introducer is in breach of the terms of this Agreement.
8) Responsibilities of the Firm
The Firm does not accept responsibility for any action or inaction of the Introducer
that is not specifically described in clause 3.
9) Remuneration
i) The remuneration of the Introducer and the Firm is set out
in Schedule 1 to this Agreement.
ii) Any relevant VAT will be deemed to be included in any share
of commission that the Firm may pay the Introducer under the terms of
this Agreement.
iii) In the event that the Firm is required to repay any of the
commission received as a result of an early termination of any contract arranged
after an introduction under this agreement, the Introducer will be responsible
for the repayment of a rateable proportion of that commission clawback.
10) Severance and Waiver
i) In the event that this Agreement or any part of it is or becomes
void, illegal or unenforceable, the remaining provisions that are not so affected
shall remain in full force and effect.
ii) In the event that the Firm waives a breach of any term of
this Agreement by the Introducer, this shall not prevent the subsequent enforcement
of that term and shall not act as a precedent to any subsequent breach of that
or any other term.
IN WITNESS whereof the parties to this Agreement or their duly
authorised representatives have signed this Agreement the day and
year first before written.
Signed for and on behalf of James Hallam Limited
By ………………………………………………………………………………………………………………
Signed for and on behalf of [NAME OF INTRODUCER]
By ………………………………………………………………………………………………………………
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