General Conditions of Facevalue B.V. consisting of:
Part I: General Conditions
Part II: Client Relationship
I. General Conditions
Table of contents:
- 1. Definitions
- 2. Scope
- 3. Duty of care of facevalue and of the Client
- 4. Activities and objectives
- 5. Non-public information
- 6. facevalue or a Third-party as the counterparty
- 7. Risk of dispatches
- 8. Client data
- 9. Signature and biometric authentication
- 10. Authorisation and power of representation
- 11. Personal Data
- 12. Video and audio recordings
- 13. Continuity in the providing of services
- 14. The death of a Client
- 15. Name and address of the Client
- 16. English language
- 17. Use of means of communication
- 18. Information and orders
- 19. facevalue's records and record keeping
- 20. Execution of orders and verification of information
- 21. Approval of documents
- 22. Obligation to retain records and confidentiality obligation
- 23. Commission, interest and fees
- 24. Conditional credit entries
- 25. Lien
- 26. Right of set-off
- 27. Collateral
- 28. Immediately due and payable
- 29. Special costs
- 30. Taxation and levies
- 31. The form of notifications
- 32. Incidents and disasters
- 33. Partial nullity or voidability
- 34. Applicable law
- 35. Complaints and disputes
- 36. Termination of the relationship
- 37. Transfer of contracts
- 38. Amendment of and additions to the General Conditions
The General Conditions of Facevalue B.V. (hereinafter "facevalue") consists of two parts, the General Conditions and the Client Relationship Conditions. The definitions contained in the General Conditions apply mutatis mutandis to these conditions.
1.1. In this memorandum, unless the context clearly indicates a contrary intention, the words and phrases herein below defined shall have the meanings assigned to them (defined terms begin with capital letters), and cognate expressions shall bear corresponding meanings:
1.1.1. "Account" means an interoperable bank account issued by the Account Issuer represented by an International Bank Account Number (IBAN);
1.1.2. "Account Issuer" means a credit, electronic money, or payment institution regulated by a competent authority and principle member of SWIFT, which serves as the issuer of the Account in terms of a service level agreement with facevalue;
1.1.3. "Account Statement" means a Communication in which facevalue informs the Client of transactions, entries and/or other data concerning the Client that are recorded by facevalue;
1.1.4. "Client" means a natural or legal person that has a legal relationship with facevalue, has accepted the General Conditions;
1.1.5. "Client Relationship Conditions" means the terms and conditions contained in Part II of this document (as amended from time to time);
1.1.6. "Deposit Taking Institution" means a Bank with whom the Account Issuer holds Clients' deposits in safeguarded segregated accounts;
1.1.7. "facevalue" means Facevalue Besloten Vennootschap, a company incorporated under the laws of the Netherlands with registration number 63008432, and its direct and indirect subsidiaries, affiliates and branches and any (other) entities in which facevalue holds a controlling interest or exercises management control ("facevalue company" shall have a corresponding meaning);
1.1.8. "General Conditions of Facevalue B.V." means the entirety of the applicable conditions comprising Part I, the General Conditions and Part II, the Client Relationship Conditions of facevalue;
1.1.9. "Personal Data" means any information relating to an identified or identifiable natural person; an identifiable person is one who can be identified, directly or indirectly, in particular by reference to an identification number or to one or more factors specific to his physical, physiological, mental, economic, cultural or social identity;
1.1.10. "Profile" means a unique user profile of a natural or legal person that has enrolled with facevalue, of which facevalue has validated the identity and residence, that may, or may not be associated with an Account of a Client;
1.1.11. "Third Country" means any country other than the Netherlands;
1.1.12. "Third-party" means any natural or legal person, public authority, agency or any other body other than the Client, or facevalue.
1.2. Words importing the singular shall include the plural and vice versa, words importing the masculine gender shall include the other genders and vice versa and natural persons shall include juristic persons and vice versa.
1.3. The head notes to the paragraphs of this memorandum are inserted for purposes of reference only and shall not affect the interpretation of any provisions to which they relate.
1.4. In the event that any definition (whether in this clause 1 or elsewhere in this memorandum) contains substantive provisions, then such provisions shall be given effect to as if same were incorporated into the main body of this memorandum.
1.5. Where any term is defined within the context of any particular clause in this memorandum, the term so defined, unless it is clear from the clause in question that the term so defined has limited application to the relevant clause, shall bear the meaning ascribed to it for all purposes in terms of this memorandum, notwithstanding that that term has not been defined in this clause 1.
1.6. Words and phrases defined in this memorandum shall bear the same meanings in schedules or addenda to this memorandum (if any), which do not themselves, contain their own definitions.
Facevalue B.V. (hereinafter "facevalue") is not a bank. Financial services such as the facevalue Account and Card are provided under license by the Account Issuer.
2.1. The provisions of the General Conditions shall apply to all existing and future legal relationships between facevalue and the Client to the extent that it is not otherwise provided in agreements and/or in special conditions.
2.2. General Conditions that a foreign subsidiary/branch of facevalue applies to its legal relationships with the Client shall prevail above these General Conditions in the event of a conflict between the two.
2.3. If other general conditions apply or are declared applicable by or on behalf of the Client, these shall not apply in the legal relationship with facevalue, unless facevalue has agreed to this in writing.
3. Duty of care of facevalue and of the Client
3.1. facevalue shall exercise due care when providing services. In its provision of services, facevalue shall take the Client's interests into Account to the best of its ability. None of the provisions of these General Conditions or of the special conditions used by facevalue shall detract from this principle.
3.2. The Client shall exercise due care vis-à-vis facevalue and shall take facevalue's interests into account to the best of his ability. The Client shall enable facevalue to fulfil its statutory and contractual obligations and to render its services correctly. The Client shall not make improper or illegal use (or allow improper or illegal use to be made) of the services and/or products of facevalue, also including use that conflicts with laws and regulations, serves criminal activities or is damaging to facevalue or to its reputation or to the integrity of the financial system.
4. Activities and objectives
4.1. The Client provides information to facevalue, taking into account the applicable privacy laws, at its first request, about the its activities and objectives and the reason for the (intended) use of the services and/or products of facevalue.
4.2. Upon request, the Client will inform facevalue as to the origin of the funds and securities deposited with facevalue's Account Issuer, or that are to be deposited with facevalue's Deposit Taking Institution and of goods, or digital data, that have been given to facevalue to hold, or a Third-party service provider in (open) custody.
5. Non-public information
In providing its services, facevalue does not have to make use of non-public information, including price-sensitive information.
6. facevalue or a Third-party as the counterparty
6.1. In providing its services, facevalue may make use of a Third-party and may outsource activities partially, or entirely. facevalue may give goods, documents of title, securities or financial instruments that belong to the Client, whether or not held in the name of facevalue, to a Third-party in custody or have these administrated by a Third-party.
6.2. If the Client gives facevalue an order or an authorisation, facevalue may also do business with itself as a counterparty in order to execute the order or authorisation, and facevalue may also transfer this order or authorisation to a Third-party.
6.3. facevalue takes the necessary care into account in the selection of Third-parties. In the event that the Client has called in or appointed a Third-party, the consequences of this choice are for the account of the Client.
7. Risk of dispatches
7.1. If facevalue, by order of the Client, dispatches funds or financial instruments, including securities, to the Client or to a Third-party, such dispatch shall be at facevalue's risk.
7.2. If facevalue, by order of the Client, dispatches other goods or documents of title to the Client or to a Third-party, such dispatch shall be at the Client's risk.
8. Client data
8.1. The Client and the Client's representatives are obliged to cooperate with facevalue and to provide information in order to create a Profile. It is a prerequisite requirement to create a Profile in order to create an Account. Each director, authorised representative and ultimate beneficial owner that holds 25% or more of any entity that wish to create an Account has to create a Profile.
8.2. facevalue has to positively determine and verify the identity, citizen's identification number, date of birth, civil status, legal capacity and authorisation to act, prenuptial and/or postnuptial agreement, partnership agreement, legal form, place of residence or place of establishment, and insofar as applicable, the registration number with the chamber of commerce and/or other registers and their VAT number. The Client must inform facevalue as soon as possible of any changes in this information.
8.3. facevalue may store digital copies and make physical copies of documents (that may be kept outside the European Union), which provide evidence of this information, and facevalue may record and file this information.
8.4. If the Client is a legal person or form of cooperation, the Client and its representatives are also obliged, at facevalue's first request, to give facevalue insight into the ultimate beneficial ownership and control structure of the legal person or the form of cooperation.
9. Signature and biometric authentication
9.1. The Client and his representatives shall provide an example of their handwritten signatures at facevalue's first request at facevalue in a manner and/or in a form as determined by facevalue. The example provided by a person is deemed to be the representation of the Client's current handwritten signature, regardless of the capacity in which the Client acts vis-à-vis facevalue, until facevalue has been notified of a change.
9.2. The Client and his representatives shall provide an example of their voice and face including video and such other biometric measurements as facevalue may determine. The example provided by a person is deemed to be the representation of the Client's current biometric measurement, regardless of the capacity in which the Client acts vis-à-vis facevalue, until facevalue has been notified of a change.
10. Authorisation and power of representation
10.1. The Client may grant a Third-party a power of attorney to do business with facevalue on his behalf. The authorised representative is not authorised to transfer the power of attorney granted to him to a Third-party. The Client is liable vis-à-vis facevalue for the fulfilment of obligations, which have been entered into by the authorised representative. facevalue can demand that an authorisation is granted in a specific manner and/or in a specific form and/or according to a specific procedure. facevalue is not obliged to (continue) to do business with an authorised representative.
10.2. If the authorisation of a representative of the Client is revoked or a change occurs with regard to the authorisation, the Client is obliged, notwithstanding the registration in public registers or the publication thereof, to notify facevalue as soon as possible of this revocation or change. facevalue may (continue to) legally execute orders that have been given to facevalue by a representative before or shortly after facevalue has received notification of the revocation if facevalue could not reasonably prevent the execution.
10.3. The General Conditions and all other provisions, rules and limitations that apply between the Client and facevalue also apply to the
representative in connection with the execution of his representation. The Client is responsible for the compliance with the above by his
representative and shall ensure that the Client and the representative keep each other fully informed about everything that is important for them or
could be important for them as Client and representative.
11.1. facevalue may process Personal Data of the Client and the Client's representatives, as well as data regarding the products and services purchased, or subscribed to by the Client, taking into account the applicable laws and regulations and the codes of conduct that apply to facevalue and facevalue may exchange this data between facevalue companies in connection with customer relationship management, to prevent and combat criminal activities and for commercial purposes.
11.2. Personal Data can also be exchanged with Third-parties that facevalue makes use of in its business operations or in providing its financial services. This can entail, inter alia, in connection with payments, the passing on of Personal Data to Third Countries, for instance that are not located in the European Union, and that do not have the same level of protection as in the Netherlands.
11.3. Personal data can be the subject of an investigation by authorised national authorities of the countries where such data is located in connection with the processing of the data both during and after the processing.
11.4. facevalue's Global Data Protection Policy governs its conduct with regards to the protection of personal data, the policy memorandum is available to view or download at www.facevalue-global.com.
12. Video and audio recordings
12.1. facevalue may, within the boundaries of the applicable laws and regulations, make audio and video recordings for the purpose of sound business operations, providing evidence, combating criminal activities and monitoring quality.
12.2. If the Client requires facevalue to comply with an obligation to issue a copy or transcription of a recording, the Client must first provide the relevant specifications such as the relevant date, time and location.
13. Continuity in the providing of services
facevalue aims to ensure the adequate functioning of its facilities for the provision of its services (for example, equipment, programmes, systems, infrastructure, networks); however, facevalue does not guarantee that these facilities will always be running correctly without interruption. facevalue aims to avoid interruptions and/or malfunctioning, insofar as this lies within its sphere of influence, within reasonable bounds or to remedy the interruption and/or malfunctioning within a reasonable time.
14. The death of a Client
14.1. facevalue must be notified of the death of a Client in writing as soon as possible. As long as facevalue has not been notified of the death of a Client in this manner, facevalue may (continue) to execute the orders received from or on behalf of the Client. facevalue may (continue to) legally execute orders that have been given to facevalue before or shortly after facevalue has received notification of the death of a Client if facevalue could not reasonably prevent the execution.
14.2. After the death of the Client, facevalue can demand that the person(s) who claim(s) to be authorised to perform (legal) acts with regard to the Client's estate submit(s) an attestation of admissibility to the estate, issued by a Dutch notary (or foreign Notary including apostille), and/or documents that facevalue deems to be acceptable as proof thereof.
14.3. facevalue is not obliged to provide information again regarding actions and transactions that have been carried out before the time of the death of the Client.
15. Name and address of the Client
15.1. The Client shall inform facevalue to which address the documents and/or information that are intended for the Client can be sent. The Client shall notify facevalue as soon as possible in writing of a change of name and address. If the Client's address is not known or is no longer known at facevalue due to the Client's fault, facevalue can attempt to find out the address of the Client without being obliged to do so. The costs of such an investigation are for the Client's account. The Client, whose address is not known at facevalue, is deemed to have his postal address at the address where facevalue is located, unless agreed otherwise.
15.2. If a product or service of facevalue is purchased or subscribed to by two or several persons, facevalue shall send the documents and/or information to the address, which that person has provided to facevalue. If the persons do not agree or do no longer agree on this, facevalue may select itself to which address of these persons it will send the documents and/or information.
16. English language
16.1. The communication between facevalue and the Client takes place in English, unless agreed otherwise in writing.
16.2. facevalue can demand that the Client has documents, which are in a language other than English, (with the exception of Dutch) translated into English or into another language that facevalue agrees to at the Client's costs by a person who is qualified to translate these documents in the opinion of facevalue.
16.3. A translator who is a sworn translator in the language in question is qualified in any case.
17. Use of means of communication
The Client is obliged to ensure that in communicating with facevalue, via the Internet, e-mail, telephone, post or any other means of communication its communication is not compromised and the Client's communication with facevalue is not intercepted.
18. Information and orders
18.1. The Client shall ensure that facevalue shall receive all information, which facevalue requires or which the Client can reasonably understand that this information is necessary for the correct provision of services by facevalue. The Client shall ensure that instructions and notifications to facevalue or to a Third-party appointed by facevalue are clear and comprehensive and contain the correct information. The Client complies with the instructions and regulations issued by facevalue.
18.2. The Client makes use of facevalue's secure online user interface, or such data carriers or means of communication approved or specified by facevalue for its communication with facevalue or with a Third-party designated by facevalue.
18.3. facevalue may postpone the execution or refuse to execute orders if these have not been submitted correctly. In special circumstances, facevalue may refuse to execute orders given by or on behalf of the Client or facevalue may refuse to provide the requested service.
19. facevalue's records and record keeping
19.1. An abstract from facevalue's records serves as prima facie evidence vis-à-vis the Client, subject to rebuttal evidence produced by the Client.
19.2. facevalue is not required to keep its records for a period longer than the statutory record keeping period.
20. Execution of orders and verification of information
20.1. The Client must verify the confirmations, Account Statements, invoices, other specifications or other information that facevalue sends to the Client or makes available to the Client as soon as possible after receipt. If facevalue makes such communications available to the Client electronically, the Client must verify the information as soon as possible after this has been made available to the Client. The date of dispatch or the date of making the information available is the date of dispatch or the date of making the information available as is apparent from copies, distribution lists or otherwise from facevalue's records. The Client must verify as soon as possible whether facevalue has executed orders given by the Client or on behalf of the Client correctly and completely. If the Client does not receive a notification from facevalue, whereas the Client knows or should know that he could expect a notification from facevalue, the Client must inform facevalue of this as soon as possible in writing.
20.2. If the Client notices a mistake or an omission, it must inform facevalue as soon as possible and take all reasonable measures to prevent (further) damage. If facevalue detects that it has made a mistake or an error, facevalue shall remedy this as soon as possible and inform the Client about the detected mistake or error.
20.3. facevalue is authorised to remedy a mistake or error without the Client's consent and to reverse an incorrect entry. facevalue is authorised to reverse the crediting of an Account of the Client as a result of an order given by an unauthorised person or a person without legal capability to act.
20.4. If the Client requests a copy of information that has already been provided to him by facevalue, facevalue shall provide this to the Client within a reasonable period and facevalue shall receive a reimbursement for the reasonable costs incurred by facevalue, unless facevalue no longer has this information or the request is unreasonable.
21. Approval of documents
21.1. If the Client has not contested confirmations, Account Statements of Accounts, invoices, other specifications or other information sent or made available to the Client by facevalue in writing within thirteen months after such documents have been made available to the Client by or on behalf of facevalue, the contents of such documents shall, in any case and notwithstanding the Client's obligation pursuant to clause 19, be deemed to have been approved by the Client.
21.2. If such documents contain any arithmetical errors, facevalue shall remedy these errors.
22. Obligation to retain records and confidentiality obligation
22.1. The Client must store and treat with care the items made available to the Client such as forms, data carriers, means of communication, security measures, cards, personal and access codes and passwords. The Client must treat personal pin codes and access codes and such with due care and keep these confidential for other persons. The Client adheres to the security regulations issued by facevalue.
22.2. If the Client knows or can reasonably suspect that items that facevalue has made available to the Client have come into unauthorised hands or that abuse is being made or can be made or that an unauthorised person knows his pin code and/or access code, he must immediately notify facevalue.
23. Commission, interest and fees
23.1. facevalue charges commissions, interest and fees for its services. facevalue may change the amount thereof, unless agreed otherwise in writing. If the amounts of these commissions, interest and fees have not been agreed in advance between the Client and facevalue, facevalue shall charge its usual commissions, interest and fees as set out in its Payment Service Conditions memorandum, which can be viewed or downloaded at www.facevalue-global.com.
23.2. When providing its services, facevalue informs the Client to the extent reasonably possible about the amount of its charges. facevalue will ensure that the information about these charges are readily accessible.
23.3. facevalue may deduct the commissions, interest and fees owed by the Client from an Account that the Client holds with facevalue without notifying the Client in advance. If an unauthorised debit balance arises on the Account due to the deduction, the Client must immediately clear the debit balance without facevalue being required to give notice of default.
24. Conditional credit entries
24.1. Each credit entry of an amount received or to be received in favour of the Client is made subject to the proviso that facevalue actually receives this amount definitely and unconditionally. If this condition has not been satisfied, facevalue may reverse the credit entry, without prior notification, by debiting the same amount with retrospective effect.
24.2. If the amount received or to be received was converted into another currency when crediting the Account, facevalue may make the debit entry in the other currency at an exchange rate at the time of execution.
24.3. Costs in connection with the reversal are for the Client's account.
25.1. The Client undertakes to pledge the following goods including the related ancillary rights to facevalue as security for all that which the Client may owe or come to owe facevalue at any given moment:
25.1.1. all (cash) receivables that facevalue owes to the Client on any Account whatsoever;
25.1.2. all goods, documents of title, securities and other financial instruments that facevalue or a Third-party on behalf of facevalue, on any Account whatsoever, holds or obtains of or for the Client;
25.1.3. all securities in collective depositories that facevalue holds in custody or acquires;
25.1.4. all goods that (shall) take the place of the goods under 25.1.1 - 3 insofar as legally possible, the Client pledges the goods referred to in 25.1 to facevalue and grants facevalue an irrevocable authorisation, with the right of substitution, to pledge these goods to itself in the name of the Client, if necessary repetitively, and to do everything that serves the pledge.
25.2. The Client guarantees that he is authorised to make the pledge and that the goods in question are or will be free of rights and claims of other parties than facevalue.
25.3. facevalue shall release the pledged goods, if the Client wishes to have these goods in his possession, if the value of the then remaining pledged goods provides sufficient cover for all that the Client, on any Account whatsoever, owes or may come to owe to facevalue. facevalue may only seize and execute the pledged goods if the Client's debt to facevalue has become due and payable and the Client is in default. facevalue shall not seize and execute more of the pledged goods than necessary for the payment of the debt that the Client owes to facevalue. After facevalue has exercised its seize and execution right, it shall notify the Client of this in writing as soon as possible.
26. Right of set-off
26.1. facevalue shall at all times be entitled to set off all and any debts receivable by facevalue from the Client, whether or not due and payable and whether or not contingent, against any debts owed by facevalue to the Client, whether due and payable or not, regardless of the currency in which such debts are denominated.
26.2. If, however the Client's debt to facevalue or facevalue's debt to the Client is not yet due and payable and provided that the Client's debt, and facevalue's debt are expressed in the same currency facevalue, shall not exercise its right of set-off except in the event of an attachment being levied upon facevalue's debt to the Client, or recovery being sought from such debt in any other way, or in the event that a restricted right is created thereon or the Client assigns facevalue's debt to a Third-party by singular title, or the Client is declared bankrupt, or has entered into a moratorium of payments or another insolvency regulation or statutory debt repayment arrangement applies to the Client.
26.3. Debts expressed in a foreign currency shall be set off at the exchange rate on the day of set-off. If possible, facevalue shall inform the Client in advance that it intends to exercise its right of set-off.
27.1. The Client has undertaken vis-à-vis facevalue to provide (additional) collateral for all existing and future amounts that the Client owes to facevalue, on any Account whatsoever, at the first request of facevalue and to facevalue's satisfaction. This collateral must be such, and if necessary must be replaced and/or supplement by the Client to facevalue's satisfaction, that facevalue, taking into account the Client's risk profile, the cover value of the security and any other factors relevant to facevalue, continually has sufficient collateral. At the Client's request, facevalue shall inform the Client of the reason of the demand for collateral, or the replacement or supplement thereof. The amount of the required collateral must reasonably be in proportion to the Client's obligations.
27.2. Pledge and mortgage rights of facevalue also serve, in the event that another financial institution, as its legal successor under general title, continues the relationship with the Client, partially or in full, in favour of the other financial institution as if this was facevalue itself.
27.3. facevalue can terminate its pledge or mortgage rights at any moment, partially or fully by giving notice of termination.
27.4. facevalue can establish a (new) security right in favour of facevalue does not serve to replace or release (existing) security rights.
27.5. If the General Conditions are used vis-à-vis the Client is amended, supplemented and/or replaces previous General Conditions, all by virtue of earlier general conditions existing collateral, security rights and set-off rights remain in full force and effect in addition to the rights and powers by virtue of the amended General Conditions.
28. Immediately due and payable
28.1. If the Client is in default with regard to the fulfilment of any obligation to facevalue, facevalue may make the amount due by the Client immediately due and payable by giving notice, unless this is not justified in view of the minor importance of the default.
28.2. Such a notice of termination must be made in writing and state the grounds for termination.
29. Special costs
29.1. If facevalue becomes involved in a seizure, dispute or proceedings between the Client and a Third-party, then the Client shall fully reimburse the costs incurred by facevalue resulting there from (for example the costs of legal assistance).
29.2. All other special costs incurred by facevalue following from the relationship with the Client are for the Client's account insofar as this is reasonable.
30. Taxation and levies
All taxation, levies and such, under whatever name and levied by whomever, that concern the relationship between the Client and facevalue are for the account of the Client, unless agreed in writing otherwise or a provision of imperative law specifies differently.
31. The form of notifications
Notifications to facevalue must be made in writing, or via facevalue's secure user interface, unless a different manner of communication has explicitly been agreed with facevalue.
32. Incidents and disasters
If, in the execution of an agreement between facevalue and the Client, an incident or disaster threatens to occur, occurs or has occurred, the Client must, at facevalue's request, do or refrain from doing everything what facevalue reasonably considers necessary in connection therewith.
33. Partial nullity or voidability
Should a provision in these General Conditions be invalid, void or annullable, then this does not imply that any other provision of these Conditions are (in full, or partially) invalid, void or annullable. If a provision in these General Conditions should be invalid, void or annullable, it will be replaced by a valid provision that is as close as possible to the import of the invalid, void or annullable provision.
34. Applicable law
The relations between the Client and facevalue shall be governed by the laws of the Netherlands, unless imperative law prescribes otherwise.
35. Complaints and disputes
35.1. If the Client is not satisfied with the services provided by facevalue, the Client must engage facevalue taking into account facevalue's procedure for the aspect that the Client addresses.
35.2. Disputes between the Client and facevalue shall only be brought before the competent Court in the Netherlands, except in the case of imperative law and:
35.2.1. the Client can also submit a dispute to the authorised dispute and complaint committees as provided by in Law;
35.2.2. facevalue can also submit a dispute to a foreign court that is competent and has jurisdiction over the Client.
36. Termination of the relationship
36.1. Both the Client and facevalue may terminate the relationship between one another in writing completely or partially. If the relationship is terminated by facevalue, facevalue shall, upon request, inform the Client of the reason for such termination.
36.2. After notice of termination of the relationship has been given, the existing individual agreements between the Client and facevalue shall be settled as soon as possible taking into account the applicable time periods.
36.3. During the settlement, these General Conditions and the specific conditions that apply to the individual agreements remain applicable and in full force and effect.
37. Transfer of contracts
The Client has, in the event of a full, or partial transfer of the business operations of facevalue, agreed to cooperate in advance that the its legal relationship with facevalue in connection with the full, or partial transfer shall completely, or partial be transferred to a Third-party.
38. Amendment of and additions to the General Conditions
Amendments of and additions to these General Conditions shall not take effect until the Client has accepted the updated General Conditions by physical, or electronic signature by its authorised representative.