The authorization given by the Client to the Attorney in the preceding section is subject to the following terms:
- The Attorney acknowledges the limited nature of this Power of Attorney, as set out in the preceding section, and the Attorney agrees not to take any action that would or may fall outside the power granted herein;
- The Client authorises the Firm to accept all instructions given to the Firm by the Attorney, whether orally or in writing, in relation to the Account. The Firm shall not be obliged to make any enquiry of the Client or of any other person before acting on such instructions;
- The Client ratifies and accepts full responsibility and liability for all instructions given to the Firm by the Attorney (and for all bets that may be entered into as a result);
- The Firm, acting in its absolute discretion, may decide that it will no longer accept instructions from the Attorney in relation to the Client’s account(s). If the Firm does so, it must provide reasonable notice to the Client. The Firm needs not specify its reasons for no longer accepting instructions from an Attorney, but for the avoidance of doubt such reasons may relate to the Attorney’s personal dealings with the Firm, for example but without limitation, if the Attorney owes money to the Firm on its own account(s); and
- The Firm hereby notifies the Client that the Attorney is not an employee, agent or representative of the Firm and further that the Attorney does not have any power or authority to act on behalf of the Firm or to bind the Firm in any way.
This Power of Attorney shall remain in effect until revoked by a duly signed written notice by the Client to the Firm provided always that:
- any such revocation shall not take effect before such notice is received by the Firm at its principal place of business; and
- such revocation shall not in any event affect, exclude or limit any liability in any way resulting from anything done by the Attorney under this Deed prior to revocation.
The Client hereby agrees to indemnify the Firm and keep the Firm indemnified from and against all demands, claims, liabilities, losses, damages and expenses whatsoever (including interest, penalties, legal and other costs and any taxes thereon) incurred by the Firm as a result of acting on the instructions of the Attorney.
However, nothing in this section shall limit or purport to limit any liability the Firm may have to the Client for any contravention of the rules to pay to the Client on demand of all losses, indebtedness due to the Client.