Introducing Broker Partnership Agreement
This Introducing Broker Agreement (the "Agreement") is entered by and between Global Gold & Currency Corporation (hereinafter referred to as "the Company") and the individual or entity who has completed the application to become an Introducing Broker (hereinafter referred to as "the IB").
1.1 This Introducing Broker Agreement (hereinafter referred to as the "Agreement") is entered by and between Global Gold & Currency Corporation Limited, registered in St. Lucia under registration number 2023-00460 (hereinafter referred to as "the Company"), and the individual or entity who has completed the application to become an Introducing Broker (hereinafter referred to as "the IB"). The Company and the IB shall sometimes be referred to herein as the "Parties".
1.2 The Company operates as a forex broker providing financial services and products. This Agreement governs the contractual relationship between the Company and the IB, under which the IB can, subject to the present terms and conditions, be remunerated for introducing clients to the Company.
1.3 The IB agrees to act as a mediator between the Company and prospective clients to facilitate the conclusion of agreements between the Company and such clients.
1.4 The IB, if required under applicable laws, shall be registered as an Introducing Broker or in another capacity authorizing the IB to undertake and provide the services contemplated under this Agreement.
1.5 The IB website is www.ib.ggccfx.com.
2.1 For the purposes of this Agreement, the following terms shall have the meanings ascribed to them below:
"Account" shall mean any trading account opened with the Company.
"Active Client" shall mean a client who has made a minimum of one completed transaction during the payment cycle.
"Agreement" shall mean this Introducing Broker Agreement.
"Ask" shall mean the higher price in the Quote being the price at which the client may buy.
"Balance" shall mean the total financial result of all completed transactions and deposit/withdrawal operations on the trading account.
"Bid" shall mean the lower price in the Quote being the price at which the client may sell.
"Client" shall mean any person introduced by the IB to the Company and with whom the Company enters into a Client Agreement.
"Compensation" shall have the meaning as set out in Clause 5 herein.
"Company" shall mean Global Gold & Currency Corporation, registered in St. Lucia under registration number 2023-00460.
"Completed Transaction" shall mean two counter deals of the same size above 60 seconds (opening a position and closing a position) buy then sell and vice versa.
"Effective Date" shall be the date upon which the IB agrees to the Terms and Conditions of this Agreement.
"Force Majeure Event" shall have the meaning as set out in Clause 14 herein.
"Introducing Broker" or "IB" shall mean any independent person or entity engaged in introducing prospective clients to the Company.
"Payment Cycle" shall mean the period within which IB Compensation is accrued and payable.
"Promotional Material" shall mean promotional, advertising, communication, and educational materials related to the Company's products and services.
"Trading Account" shall mean the unique personified registration system of all completed transactions, open positions, orders, and deposit/withdrawal transactions in the trading platform.
"Transaction" shall mean any contract or transaction entered into or executed by the client or on behalf of the client arising under the operative agreements.
3.1 This Agreement shall bind the IB on the Effective Date and the Company upon approval of the IB's application. The Agreement shall continue unless terminated by either Party in accordance with Clause 9.
4.1 In order for an IB to be considered for participation by the Company in the IB Program, the IB shall complete and submit the online application/questionnaire within the private section of the IB Panel at the Company Website and accept this Agreement online.
4.2 The IB represents and warrants to have the full right, power, and authority to enter into and be bound by the terms and conditions of this Agreement and to perform the obligations under this Agreement, without the approval or consent of any other party or confirms to be qualified under any applicable regulatory requirements to offer the services mentioned in this Agreement.
4.3 If the IB is a company or a legal entity, then the person agreeing to this Agreement on behalf of that company or entity hereby represents and warrants shall be authorized and lawfully able to bind that company or entity to this Agreement and the company shall have the full right, power and authority to enter into and be bound by the terms and conditions of this Agreement and to perform its obligations under this Agreement without the approval or consent of any other third party.
4.4 The IB represents and warrants, where it applies, to be qualified under any applicable regulatory requirements to offer the Company, the products and services mentioned in this Agreement, and that all actions that shall be performed by the IB shall comply with the Applicable Laws. The IB hereby acknowledges that is solely responsible for being updated on all matters that are related to the Applicable Regulations.
4.5 The Company shall evaluate the IB's application in good faith and shall notify the IB of the Company's acceptance or rejection in a timely manner. If the IB's application is rejected, for any reason, the IB may reapply only once the IB has rectified the issues which lead to his or her rejection.
4.6 Once the IB registers, provides their contact e-mail address and creates a password, the IB shall be granted access to the secure IB Panel. From this IB Panel, the IB shall be able to access information with regards to the IB's performance and commissions.
4.7 The IB shall provide the Company sufficient proof of identity documentation, and where applicable, proof of address, as these may be requested from time to time. The Company shall exercise due skill, care and due diligence when entering into, managing or terminating any arrangement with an IB and may provide the IB with appropriate and effective training in relation to the Services provided under this Agreement and the IB shall be obliged to follow as per the Agreement.
4.8 The IB shall provide true and complete information to the Company, as these may be requested from time to time, about the IB activities, blog, website, social media profile or any other information directly or indirectly related to the terms of the present Agreement and shall notify the Company promptly in case of any changes.
4.9 The IB, upon the commencement of this Agreement, shall immediately provide the Company sufficient proof of ownership of the IB's blog or website or social media profile or otherwise, as these may be requested from time to time.
4.10 The IB shall be aware of the contents and understand the Company's compliance and where applicable, the Company's Anti Money Laundering Policies, which may be modified from time to time, and shall agree to operate in accordance with the policies and procedures contained therein.
4.11 The IB shall always maintain in force all necessary registrations, authorizations, consents and licenses to be enabled to fulfil his or her obligations under this Agreement, has the ability, sufficient resources, and capacity to enter into this Agreement and shall fully comply with all Applicable Laws (including but not limited to financial services regulations, data protection, trademark, copyright and anti-spamming rules) applicable to the IB or to the jurisdiction in which the IB is resident or carry on business.
4.12 Whenever requested, the IB shall supply details and evidence of its status and business and of the licensing or authorization requirements applicable to the IB's activities at the Company's request.
4.13 The IB shall not be entitled to receive any type of compensation when this is linked to the IB's personal/own trading activity with the Company and the Company shall have the right to supervise the IB effectively, in order to manage or exclude any risks that might be associated with this issue or any other issue related to the IB under this Agreement and generally assess the standard performance of the IB, retaining the necessary expertise and resources in order to do so.
4.14 To promote and market the Company's products and services the IB shall use only the Promotional Material provided directly from the Company. In case promotional materials are prepared by the IB, the IB shall provide these promotional materials to the Company and obtain prior written approval before use of such promotional materials. From the moment when such promotional materials are prepared based on a pre-approval as stated before, such promotional material shall become the property of the Company. Promotional material, the same as landing pages and other materials prepared by an IB in due course of this Agreement, shall be used only after the IB has obtained written approval before they are launched, only for the purpose of this Agreement and shall obtain IB's logo and a disclaimer that shall state the following:
"All materials are prepared by the IB of Global Gold & Currency Corporation and Global Gold & Currency Corporation bear no responsibility regarding provided information or materials. All claims should be addressed to the IB of Global Gold & Currency Corporation, all rights of Global Gold & Currency Corporation are reserved and Global Gold & Currency Corporation brand and logo could not be used without prior written consent of Global Gold & Currency Corporation."
4.15 To perform the Services described in this Agreement, the IB shall bear all establishment and operational costs and expenses for any marketing, advertising and any other promotional or other activities related to the said Services.
4.16 The Company holds the right to monitor the IB's site, website, blog, social media profile or any other websites associated with the IB as deemed necessary and to make sure at all times that this Agreement does not result in the delegation by senior management of its responsibility or obligations under Applicable Regulations and to ensure that: a) it is up-to-date and to notify the IB of any changes that the Company considers that could enhance the IB's performance, instructions which the IB is obliged to follow or comply with. b) it contains relevant promotional materials; c) it does not breach the IP rights and other proprietary rights of the Company; d) the content of the promotional material is clear, fair, not misleading and not aggressive; e) it is in compliant with the provisions of this Agreement; f) the IB upon the Company's request shall provide all necessary website raw data files and access to the accounts of activities’ monitoring including accounts change history where necessary. Such access shall be provided within 24 hours.
4.17 Any Promotional Material developed or created by the Company and placed or used by the IB, is owned by the Company and, except for the purpose of this Agreement, shall not be used by the IB solely or in conjunction with any third party, without the prior written consent of the Company. The Company reserves the right, at any time, to review the IB's placement of Promotional Material for the purpose of the present Agreement and approve its use of the IB's Links. Further, the Company may require that the IB changes the placement or use of such promotional material in order to comply with applicable Company requirements such as: a) the IB's website or social network should have a link directing prospective Clients to the Company Website; b) The Company's Promotional Material could be provided to the prospective Client only with the prior written approval of the Company; c) The IB is obliged to place in an obvious location on the IB's website its capacity as IB alongside the name of the Company and Services to be provided.
4.18 Throughout the period that this Agreement shall be in force, the IB undertakes the responsibility to act in good faith at all times and shall not make any false or misleading representations or statements with respect to the Company, the IB Program, the Company's products and services provided or engage in any other practice which may affect adversely the image, credibility or the reputation of the Company.
4.19 The IB undertakes the strict responsibility not to take, assist, cause due to any act or omission, directly or indirectly to the Company or the Company's products and services the following (list is not exhaustive): a) using any website for unlawful activities, or having any content on his or her website, that is defamatory, violent, pornographic, unlawful, threatening, obscene or racially, ethnically, or otherwise discriminatory or in breach of any third-party rights and shall not link to any such material; b) violates any intellectual property or other proprietary rights of any third party or has defamatory or harassing and deceitful or untruthful comments and statements about the Company or the Company's activities and business; or c) contains software downloads that potentially enable diversions of commission from other IBs in this IB Program.
4.20 Without prejudice to the foregoing, the Company shall not be responsible, and the IB shall bear sole responsibility for any unlawful, illegal acts and omissions, including but not limited to the use of another person’s copyrighted material or other intellectual property in violation of the applicable law or any third-party rights.
4.21 The Company reserves the right at its absolute discretion to: (a) terminate this Agreement and the IB's participation in the IB Program; (b) detach a Client from the IB; (c) cancel all orders and annul all profits; or (d) remove and deduct any Promotional Material which might be offered from time to time from the IB's account or the Client’s account, with immediate effect when this is in the interest of its Clients, without any severe detriment, should the IB or any of the IB's Clients commit or, the Company suspect that the IB or any of the IB's Clients commits any fraud in the use of or abuse of the Company's IB Program or any attempt of collusion or manipulation or arbitrage or other forms of deceitful or fraudulent trading or other activity or breach of the terms and conditions of this Agreement or breach the conditions set out in Appendix B or breach the relevant Applicable Laws, and the Company shall not be liable to the IB for any commissions resulting from such fraud, breach or abuse detected or suspected. The Company shall have the right to also take appropriate measures against the IB and inform at the same its clientele through its website for this termination.
4.22 The IB shall be prohibited to use the Promotional Materials, or any other information provided by the Company in order to encourage users of its website or Prospective Clients of the Company to entrust the IB with funds for management or to offer in any way investment advisory services to Prospective Clients on behalf of the Company. The Company shall have the right to regularly verify or monitor that the IB does not proceed to any of these actions as stated hereunder and the IB agrees to such monitoring and provide all the necessary assets upon request within 24 hours.
4.23 The IB shall not transmit to or in any way, whether directly or indirectly, expose the Company Website, content, platform and any other Company property to any computer virus or other similarly harmful or malicious material, virus or device.
4.24 The IB shall not cause or assist by any act or omission in the creation or design of any website, which explicitly or impliedly resembles the Company or the Company Website or leads Clients to believe the IB is the Company or any other Introduced business.
4.25 The IB shall promptly inform or disclose to the Company of any development or information or act of a third party that has become known to the IB that could potentially harm or have a material impact on the Company, the Company's products & services or their reputation in any way and manner.
4.26 The IB cannot use or register a domain name or utilize through any search engine activity within any territory, keywords, search terms or any other brand identifiers for the IB activities with the name of the Company or any other similar words or phrases which may cause confusion without the main brand’s prior written consent of the Company. The IB shall add brand terms as negatives and actively target the brand through any media platforms settings where applicable. This includes, but is not limited to PPC, Social media (including videos), mobile networks and display networks.
4.27 The Company reserves the right to request direct read-only access to any paid search account for the purposes of monitoring keyword activity and the change history of an account at any time. Access shall be granted within 24 hours of such a request. Access shall be granted to the Company or the relevant authorities regarding all relevant data, books or even premises of the IB under this Agreement, for the purpose of more efficient monitoring.
4.28 The IB shall not introduce to the Company Prospective Clients from jurisdictions to which the Company does not offer services including: the USA, Cuba, Iraq, Myanmar, North Korea, Sudan and any other country listed on the Company Website.
4.29 As such, the IB shall not be entitled to compensation in the circumstances where such Prospective Clients or Clients are introduced from jurisdictions which are excluded in Clause 4.28 above.
4.30 Where an IB acts outside the scope of this Agreement or is in breach of any of the provisions of the IB Program, the Company shall have the right to cease the cooperation and take all the necessary measures against the IB, informing, at the same time, its Clients through the Company Website for such a termination.
4.31 The Company shall have the right to maintain registries or records with the IB, their associated Clients and the activities being carried out under this Agreement and the IB shall bear the responsibility to provide such records or reports to the Company on a monthly basis or as otherwise agreed between the Company and the IB.
5.1 The IB's commission will reflect in the dashboard, and at the end of each month, the commission will be automatically transferred to the IB's wallet. Once reflected in the wallet, the commission can be withdrawn at any time.
5.2 Withdrawals will be processed after verification.
5.3 All the prizes images shown in the website is graphical representation.prizes may vary. All plans of the IB structure are designed for 90 days; if you need more time, you must mail a request to the support email support@ggccfxpartners.com. The reviewing period for IB rewards and commissions is upon Global Gold & Currency Corporation Ltd policy, and rewards will be given after review.
5.4 Compensation shall be paid in accordance with the terms provided in Appendix B of this Agreement.
5.5 The Company reserves the right to cancel the compensation if it determines that the transactions entered into by the client are being executed solely for the benefit of earning compensation for the IB.
6.1 The IB shall act as a mediator between the Company and the clients for the purposes of enhancing service quality and facilitating the conclusion of agreements.
6.2 The IB shall assist prospective clients in completing account registration forms and provide necessary explanations regarding the services offered by the Company.
7.1 The Company shall not be liable for any indirect, incidental, consequential, special, general, or exemplary damages arising out of or related to this Agreement.
7.2 The IB shall indemnify the Company against all liabilities, costs, claims, demands, and expenses incurred as a result of any act or omission by the IB in connection with this Agreement.
8.1 Any Written Notice under this Agreement may be made by email or posted on the Company's website or within the IB's dashboard.
8.2 Notices shall be deemed served within one hour after emailing or posting.
9.1 The Company reserves the right to modify the terms of this Agreement by providing at least three business days' written notice or by posting the modification on the Company's website.
9.2 Either Party may terminate this Agreement with immediate effect by giving written notice to the other Party.
9.3 Upon termination, the IB shall return all promotional materials to the Company and cease using any of the Company's proprietary materials.
10.1 The Company may process, use, store or otherwise process personal information provided by the IB.
10.2 By entering into this Agreement, the IB consents to the transmittal of the IB's personal data outside the European Economic Area.
10.3 The IB agrees that the Company may pass information about the IB which the IB has provided to affiliates of the Company or to third parties in order to assist the Company to process or analyze the relevant information as a part of fulfilling the Company's obligations under this Agreement. Should the IB be unwilling for the Company to transmit or process the IB's personal data or the IB's personal data to be used for such purposes, the IB shall give the Company Written Notice.
10.4 Such personal data may also be used for marketing purposes, or to conduct research for the Company or its affiliates that may use the personal data to bring to the attention of the IB products and services that may be of interest to the IB. If the IB does not wish the IB's personal data to be held for such purposes, the IB shall give the Company Written Notice.
10.5 Telephone conversations between the IB and the Company may be recorded, monitored or processed. The IB, by entering into this Agreement expressly consents to the Company to record or process these telephone conversations or electronic communications. All instructions received by telephone shall be binding as if received in writing. Any recordings shall be and remain the sole property of the Company and shall be accepted by the IB as conclusive evidence of the instructions or conversations so recorded. The IB agrees that the Company may deliver copies of transcripts of such recordings to any court, regulatory or government authority. A copy of the records kept in accordance with this clause shall be provided to the IB upon request and shall be kept for a period of five years and where requested by any competent authority, for a period of up to seven years from the date of creation of the record.
11.1 The IB expressly invites the Company, for the purpose of administering the terms of this Agreement or otherwise marketing financial services and products, from time to time, to make direct contact with the IB by telephone, fax or otherwise.
12.1 All confidential information, including, but not limited to, any business, technical, financial, and Client information disclosed by the Company or acquired by the IB during negotiation or the effective term of this Agreement, shall remain the sole property of the Company. Without prejudice to the foregoing, information of a confidential nature shall be treated as such provided that such information is not already in the public domain. Information of a confidential nature shall only be disclosed to any person other than an associated entity of the Company, in the following circumstances: a) where required by law or if requested by any regulatory authority or exchange having control or jurisdiction over the Company or the IB; b) to investigate or prevent fraud or other illegal activity; c) if it is in the public interest to disclose such information; and d) as provided in the Operative Agreements of the Company.
12.2 Both Parties have sound mechanisms in place to guarantee the security and authentication of the means of transfer of information, to minimize the risk of data corruption and unauthorized access and to prevent information leakage maintaining the confidentiality of the data at all times.
12.3 The rights granted by this section of the Agreement shall be in accordance with the Company's Private Policy available on the Company Website and in line with any Applicable Regulations.
13.1 Subject to terms and conditions of this Agreement, the Company hereby grants to the IB, for the duration of this Agreement, a non-exclusive and revocable license to use Proprietary Property.
13.2 Proprietary Property, regardless of the author, shall remain the sole property of the Company and shall be accounted for and returned by the IB to the Company on demand. It is expressly understood that the IB's license to the use or possession of Proprietary Property is to fulfil its obligations to the Company under this Agreement and that the IB has no other right or proprietary interest in the Proprietary Property other than the license provided in this clause.
13.3 In the event of the termination of this Agreement for any reason, the IB shall promptly surrender, and deliver to the Company, Proprietary Property, including but not limited to, all materials, equipment, documents and data pertaining to its relationship with, or to any Proprietary Information of, the Company, including all copies thereof.
13.4 The IB agrees to indemnify the Company and keep them indemnified at all times against all or any costs, claims, damages or expenses incurred, or for which they may become liable, with respect to any Proprietary Property infringement claim or other claim relating to the provision of services supplied by the IB to the Company during the course of this Agreement.
14.1 The Company shall not be liable for the non-performance or improper performance of their obligations under this Agreement, should the Company be prevented from or unable to do so due to a Force Majeure event, including, without limitation any Government actions, the outbreak of war or hostilities, the threat of war, military actions, rebellion, acts of terrorism, national emergency, riot, strike, civil disturbance/disorder, sabotage, requisition, or any other international calamity or political crisis; Act of God, earthquake, hurricane, typhoon, flood, fire, epidemic or other natural disaster; labor disputes not including disputes involving the Company's workforce; discontinuance or suspension of the operation of any Market; failure of communication for any reason with Market makers, malfunctioning or non-operation of any computer transaction system due to defectiveness or failure of the mechanic equipment, fault or stoppage in communication lines, any other problems in connection, breakdown or unavailability of access to the internet or the Platform(s); any other extreme event beyond the reasonable control of the Company which may suddenly or drastically affect the prices in the Underlying Asset / Market as well as any other event, act or circumstances that will have direct effect in the regulated markets and which, including, without limitation, any illegitimate actions against, not reasonably within the Company's reasonable control, and the effect of that event(s) is such that the Company is not in a position to take any reasonable action to prevent.
14.2 If the Company determines in their reasonable opinion that a Force Majeure Event exists (without prejudice to any other rights under this Agreement) the Company may without prior Written Notice and at any time take or omit to take all such actions as they deem to be reasonably appropriate in these circumstances.
15.1 The Company, under the terms and conditions of this Agreement and in accordance with its internal policies and procedures, reserves the right in its absolute discretion, to create a dormant accounts policy and close the IB's account after the period of six (6) consecutive months of inactivity in the following cases: a) where remaining pending commissions balance or wallet balance of IB's account is greater than 1 USD and the IB's account is deemed Dormant or Inactive Account; b) where an IB's Dormant or Inactive Account(s) has a zero pending commissions balance; c) where remaining pending commissions balance or wallet balance of IB's account is up to 1 USD and the IB's account is deemed Dormant or Inactive Account.
15.2 In case the IB has a Dormant or Inactive Account with a pending commissions balance or wallet balance and the Company decides to close the IB's Account in accordance with Clause 15.1. a), the Company shall provide a written notice to the IB with a notice period of thirty (30) calendar days, during which the IB has the right to withdraw the pending balance from the IB's Account. After the notice period the IB's Account shall be closed and the Company reserves the right to use the remaining IB's Account pending commission balance or wallet balance at its own discretion and waive any or all payments or fees at its own and absolute discretion.
15.3 In case the IB has a Dormant or Inactive Account with zero pending commissions balance and the Company decides to close the IB's Account in accordance with Clause 15.1. b), the Company shall provide a written notice to the IB with a notice period of three (3) business days, after which the IB Account shall be closed.
15.4 In case the IB has a Dormant or Inactive Account with remaining pending commissions balance or wallet balance up to 1 USD and the Company decides to close the IB's Account in accordance with Clause 15.1. c), the Company shall provide a written notice to the IB with a notice period of three (3) business days, after which the IB Account shall be closed. The Company shall have the right to deduct this remaining balance and use it for charity purposes at its absolute discretion.
15.5 The Company shall have the right to remove any bound, linked, or referred clients if the IB's Account is closed due to the Dormant Accounts Policy in clause 15 or upon termination of this Agreement by either Party.
16.1 In the event that a situation arises that is not covered under this Agreement, the Company shall resolve the matter on the basis of good faith and fairness and, where appropriate, by taking such action as is consistent with market practice.
16.2 No single or partial exercise of, or failure or delay in exercising any right, power or remedy (under these terms or at law) by the Company shall constitute a waiver by the Company or impair or preclude any exercise or further exercise of, that or any other right, power or remedy arising under this Agreement or at law.
16.3 Any liability of the IB to the Company under this Agreement may in whole or in part be released, compounded, compromised or postponed by the Company in its absolute discretion without affecting any rights in respect of that or any liability not so waived, released, compounded, compromised or postponed. A waiver by the Company of a breach of any of the terms of this Agreement or of a default under these terms does not constitute a waiver of any other breach or default and shall not affect the other terms. A waiver by the Company of a breach of any of the terms of this Agreement or a default under these terms shall not prevent the Company from subsequently requiring compliance with the waived obligation.
16.4 The rights and remedies provided to the Company, under this Agreement are cumulative and are not exclusive of any rights or remedies provided by law.
16.5 Nothing in this Agreement creates any partnership, joint venture, agency, franchise, sales representative, or employment relationship between the IB and the Company.
16.6 The IB shall not represent itself as agent of the Company and the IB shall have no authority or power to bind the Company or to contract in the name of or create a liability against any of these.
16.7 The IB agrees to inform the Company about all facts and circumstances, the IB becomes aware of, that may result in undesired consequences (risks) for the Company.
16.8 The Company may assign the benefit and burden of this Agreement to a third party in whole or in part, provided that such assignee agrees to abide by the terms of this Agreement. Such assignment shall come into effect five (5) Business Days following the day the IB is deemed to have received notice of the assignment in accordance with this Agreement.
16.9 The IB may not assign, charge or otherwise transfer or purport to assign, charge or otherwise transfer the IB's rights or obligations under this Agreement without prior written consent of the Company and any purported assignment, charge or transfer in violation of this term shall be void.
16.10 If any term of this Agreement (or any part of any term) shall be held by a court of competent jurisdiction to be unenforceable for any reason then such term shall, to that extent, be deemed severable and not form part of this Agreement, but the enforceability of the remainder of this Agreement shall not be affected.
16.11 The IB shall inform the Company of any other business activities entered into by the IB during the term of this Agreement and shall provide the Company with information, as requested, regarding such activity.
16.12 This Agreement and any addendums and appendices referred to in it, constitute the entire agreement between Parties and supersede all other agreements or arrangements, whether written or oral, express or implied, between Parties or either of them.
16.13 The IB agrees to inform the Company about all the facts and circumstances it becomes aware of, that may result in undesired consequences (risks) for the Company.
16.14 This Agreement shall be governed by and construed in accordance with the laws of St. Lucia.
16.15 With respect to any proceedings, the IB irrevocably: a) Agrees that the courts of St. Lucia shall have exclusive jurisdiction to determine any proceedings, b) Waives any objection which the IB may have at any time to the bringing of any proceedings in any such court, and c) Agrees not to claim that such proceedings have been brought in an inconvenient forum or that such court does not have jurisdiction over the IB.
16.16 Where this Agreement is issued in a language other than English, the English language version shall take precedence in the event of any conflict.