Stock Broker Contract

Document Sample
Stock Broker Contract Powered By Docstoc
					This is an agreement between a registered stockbroker and a client for brokerage
services. The client engages the broker to act on their behalf and act as their attorney-
in-fact to buy, sell, and trade in stocks, bonds or other securities in the client’s name.
The client verifies that they understand that they are taking a risk and they are
responsible for all investment decisions and trades. This agreement can be used by
brokers or by individuals or entities that want to hire a broker to help invest capital in
securities.
                                     BROKER CONTRACT


This Broker Contract (“Contract”) made effective _____________(“Commencement Date”) by
and between _______________________, ("Client") and __________________("Broker.")

Whereas the Broker is registered as the a securities broker with _________________________
[insert name of regulatory authority] with registration number _____________;

Whereas the Client desires to invest/trade in those securities/ contracts/other instruments
admitted to dealings on the _________________Exchange (“Exchange”) as defined in the Rules,
Bylaws and Regulations of the Exchange from time to time;

Whereas , the Client is satisfied of the capacity of the Broker to deal in stocks, bonds and other
securities and/or commodities, to deal in derivatives contracts and wishes to execute its orders
through the Broker;

Whereas the Broker has satisfied and shall continuously satisfy itself about the genuineness and
financial soundness of the Client and investment objectives relevant to the services to be
provided.

Now, therefore, in consideration of the mutual understanding as set forth in this agreement, the
parties thereto have agreed to the following terms and conditions:

    1. Client hereby agrees and engages the Broker to act on Client's behalf and as attorney-in-
       fact to buy, sell and trade in stocks, bonds and other securities and/or commodities and/or
       contracts relating to the same, on margin or otherwise, for Client's account and at his risk
       in his name.
    2. This contract shall commence on the Commencement Date and shall be in full force and
       effective until terminated by either party on written notice to each other. Any termination
       shall not affect any liability with respect to transactions which have been initiated prior to
       the revocation.
    3. Client agrees to compensate the Broker for the services rendered in accordance with this
       contract as follows: ________________________________________
    4. The Client further agrees to immediately notify the Broker in writing if there is any
       change in the information in the ‘Client registration form’ provided by the Client to the
       Broker at the time of opening of the account or at any time thereafter.
    5. The Broker warrants that he has informed the Client about the contents of the risk
       disclosure document to the notice of Client and made him aware of the significance of
       such disclosure documents.
    6. The Client agrees that:
       a. He has read and understood the risks involved in trading on a stock exchange.
       b. He shall be wholly responsible for all his investment decisions and trades.



© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                  2
         c. The failure of the Client to understand the risk involved shall not render a contract as
         void or voidable and the Client shall be and shall continue to be responsible for all the
         risks and consequences of entering into trades.

    7. The Broker and the Client agree to be bound by all the rules, byelaws and regulations of
       the Exchange and circulars issued and relevant notifications of Government authorities as
       may be in force from time to time.
    8. This contract shall inure to the benefit and shall be binding upon the parties hereto
       including their successors and assignees.
    9. This contract supersedes all prior agreements and understandings between the parties, it
       may not be modified, changed or altered by any of the parties without a further written
       contract signed by both parties.

         Both the Broker and Client agree to the above.

CLIENT: _____________________________

By:__________________________

BROKER____________________________

By:_________________________




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                    3
INFORMATION AND FORMS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND
INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS
FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL DOCSTOC, INC., OR ITS AGENTS, OFFICERS, ATTORNEYS,
ETC., BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF
PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE
THE MATERIALS, EVEN IF DOCSTOC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. They are for
guidance and should be modified by you or your attorney to meet your specific needs and the laws of your state or jurisdiction. Use at
your own risk. Docstoc® is NOT providing legal or any other kind of advice and is not creating or entering into an Attorney-Client
relationship. The information, reports, and forms are not a substitute for the advice of your own attorney. The law is a personal matter
and no general information or forms or like the kind Docstoc provides can always correctly fit every circumstance.

Note: Carefully read and follow the Instructions and Comments contained in this document for your customization to suit
				
DOCUMENT INFO
Description: This is an agreement between a registered stockbroker and a client for brokerage services. The client engages the broker to act on their behalf and act as their attorney-in-fact to buy, sell, and trade in stocks, bonds or other securities in the client’s name. The client verifies that they understand that they are taking a risk and they are responsible for all investment decisions and trades. This agreement can be used by brokers or by individuals or entities that want to hire a broker to help invest capital in securities.
This document is also part of a package Stock & Equity Planning Starter Kit 14 Documents Included