3 Payment for Services
The basis on which you will be paid for providing the Services is set out in the Remuneration Schedule attached to this letter.
4 Representations
4.1 ICBA Belgium are entering into this agreement on the basis of you representing to us that you are validly incorporated in your jurisdiction, that your entry into this agreement is duly authorized and that you hold all necessary permissions and licenses which you require for the purpose of performing the Services. The representations which you give in paragraph 4.1 shall be repeated each time you perform any Services.
5 Placement Services
If you provide Placement Services (as defined in the Services Schedule), the following provisions shall apply in respect of such Services:
5.1 the provisions of this paragraph 5 are subject to any provisions to the contrary in the Services Schedule under the heading “Placement Services”: in the event of any conflict between the Services Schedule and the provisions of this paragraph 5 the provisions of the Services Schedule shall prevail;
5.2 you will have no authority to bind us or any of our clients to any risk without prior written consent from an Authorized ICBA Belgium Representative;
5.3 in placing the risk you will make it a requirement on the risk carriers to provide, prior to inception, a full contract wording if possible or practical;
5.4 any instructions from us to provide Placement Services in respect of a new specific risk shall be in writing from an Authorized ICBA Belgium Representative to an Authorized Service Provider Representative (as defined in the Services Schedule) and shall set out the scope of your engagement, which may vary from one Insured to another;
5.5 you will deliver the Placement Services in a professional and timely manner;
5.6 you will inform us of any conflicts of interest which would arise from you taking on the instruction before accepting it; and
5.7 you will not delegate the provision of Placement Services to any other person, firm or company without our prior written consent.