Text for Terms & Conditions
T's & C's: Intellectual Property and Use of Advice
- Change date
- 01/04/2024
- Word count
- 137
- Deployment measure
- 7/10
Rationale
A draft provision that is more appropriate for larger firms. International sanctions may impact not just clients but third parties, potentially leading to exclusion or suspension of a firm's professional indemnity insurance, affecting our regulatory obligations to the SRA. In the event of sanctions affecting a firm's service providers, this provision deals with the firm ceasing to act for the client without liability, and compensation payments are subject to indemnity from our insurers under the SRA rules.
We, along with our banks, insurers, insurance brokers, or other involved third parties, may be subject to and obligated by
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