…………………………… hereinafter referred to as “Buyer” which expression shall where the
context so admits include his/her personal representatives and assigns) on the first part;
………………………….. hereinafter referred to as “Seller” which expression shall where the
context so admits include his/her personal representatives and assigns) of the other part.
i. Buyer is desirous of entering into an agreement with Seller which will automatically
become a legally binding contract.
ii. Buyer and Seller agree that this agreement is enforceable under any circumstance and by
executing the same they have decided to abide by the terms and conditions herein.
IN CONSIDERATION of the mutual promises and other valuable consideration
exchanged by the Parties as set forth herein, the Parties, intending to be legally bound,
HEREBY AGREE AS FOLLOWS: –
1. ACCOUNT MANAGEMENT
1.1 Both parties agree that account management of a forex trading account with 70/30 profit
sharing and the Buyer/Student agrees that the Seller shall not be held liable for any losses.
1.2 Buyer/Student acknowledges that ‘account management’ basically means that he or she
provides the Seller with their forex account for management purposes and utilization but the
Seller does not in any way have access to the money.
1.3 Both Seller and Buyer/Student are in agreement that the profit sharing shall be 50/50 up to
the point when the original capital is recouped which shall then be followed by a 65/35 profit
sharing arrangement where the Seller shall be entitled to 65%.
2.1 Please be advised that investing and trading in forex entails a risk which could lead to a
substantial amount of loss which is not designed for every student/buyer. The risk is occasionally
caused by the currency fluctuation.
3 | Page
2.2 By signing this agreement/contract, the Student/Buyer acknowledges and agrees that he or
she may incur a greater loss than their investment and that they are personal responsible for all
the financial resources and risks involved while trading.
2.3 The Seller shall not be held liable or responsible for the risk or loss involved with the trading
carried out by the Student/Buyer.
2.4 The content offered by the Seller shall not be construed as the correct position therefore it is
the responsibility of the Student/Buyer to confirm and decide which trades to carry out.
Save with respect to issues which require being fulfilled and are in truth fulfilled before or at the
Execution Date, this Agreement will keep on being in effect and in force.
4. DISPUTE RESOLUTION
4.1 Should any dispute emerge between the Buyer/Student and Seller as to the understanding,
rights, commitments as well as execution of any at least one of the arrangements of this
agreement, the parties will in the first attempt endeavor to determine such a dispute by agreeable
4.2 Should such negotiations fail to get resolved within fourteen (14) days, either the
Buyer/Student or Seller may declare by way of written notification that the dispute should be
solved by mediation.
No amendment to this Agreement will be compelling except if marked in a similar way as this
Agreement by both parties.
6. INTENTION TO BE BOUND
6.1 Each of the parties hereby agrees and confirms for the purposes of the Law of Contract that it
has executed this Agreement with the intention of binding himself/ herself fully to the contents
6.2 No person who is not a party to this Agreement shall be made a party to this Agreement or
shall have any right to rely on or enforce any term of this Agreement.
7. ENTIRE AGREEMENT
7.1 This Agreement represents the entire agreement between the parties hereto and supersedes all
prior and contemporaneous written or oral agreements and all other communications between the
4 | Page
parties relating to the subject matter to be rendered hereunder.
7.2 Any additions, deletions or modifications shall not be binding on either party unless accepted
and approved in writing by duly authorized representatives of both parties. In the event of any
contradictory provisions between this Agreement and other documents issued by the owner in
connection herewith, the terms set forth in the body of this Agreement shall prevail.
IN WITNESS WHEREOF this agreement has been duly executed by the parties hereto the day
and year first herein before written.
SIGNED BY THE BUYER/STUDENT
SIGNED BY THE SELLER