Account Linking Agreement

ACCOUNT LINKING AGREEMENT

This Account Linking Agreement (the Agreement) is made and entered into as of Effective Date:

PARTIES

Account Holder:

Service Provider:

RECITALS

WHEREAS, Account Holder maintains an account identified by Account Identifier: and desires to permit linking of that account to the Service Provider's systems for the purpose of data exchange and authorized actions described below;

WHEREAS, Service Provider offers account linking services and will, subject to the terms of this Agreement, access and process Account Holder data as necessary to effect and maintain the linkage in accordance with Account Holder's permissions;

WHEREAS, the parties wish to set forth the terms, conditions, fees, and duties applicable to the linking, maintenance and termination of the linked account relationship.

SCOPE OF WORK

Service Provider shall perform the account linking services described below. The scope includes secure credential handling, permissioned data access, ongoing synchronization, and technical support limited to the specifications set forth in this Agreement.

Read access to account data

Write/transactional access (to perform actions on behalf of Account Holder)

Transfer permissions (initiate transfers or communications)

PAYMENT TERMS

Account Holder agrees to pay the fees set forth below in consideration for the linking services and ongoing maintenance.

Late payments shall incur interest at per month on the outstanding balance, or the maximum rate permitted by applicable law, whichever is lower. Minimum late fee:

TERM AND TERMINATION

This Agreement shall commence on the Start Date: and shall continue until End Date: unless terminated earlier in accordance with this Agreement.

Either party may terminate this Agreement for convenience by providing written notice no fewer than days prior to the intended termination date.

Either party may terminate immediately upon written notice if the other party materially breaches any obligation under this Agreement and fails to cure such breach within thirty (30) days after receipt of written notice specifying the breach.

CONFIDENTIALITY

Each party acknowledges that in the course of performance it may receive Confidential Information of the other party. "Confidential Information" means non-public information disclosed in any form that is designated as confidential or that reasonably should be understood to be confidential. The receiving party shall (a) use Confidential Information solely to perform its obligations under this Agreement; (b) restrict disclosure to employees, contractors or agents who have a need to know and are bound by confidentiality obligations at least as protective as those herein; and (c) not disclose Confidential Information to any third party without prior written consent of the disclosing party, except as required by law. Confidential Information does not include information that is or becomes publicly known through no breach by the receiving party, is rightfully received from a third party without obligation of confidentiality, or is independently developed without use of the disclosing party's Confidential Information.

DATA SECURITY AND PRIVACY

Service Provider shall implement and maintain administrative, technical and physical safeguards designed to protect Account Holder data against unauthorized access, loss, alteration or disclosure. Service Provider shall promptly notify Account Holder upon becoming aware of any unauthorized access or data breach affecting Account Holder's linked account and shall reasonably cooperate in remediation. The parties acknowledge that processing of personal data will be governed by applicable privacy laws; each party shall comply with such laws in connection with performance under this Agreement.

WARRANTIES; LIMITATION OF LIABILITY

Each party represents that it has the full right, power and authority to enter into this Agreement. Service Provider warrants that it will perform services in a professional manner consistent with industry standards. EXCEPT FOR WILLFUL MISCONDUCT OR GROSS NEGLIGENCE, NEITHER PARTY SHALL BE LIABLE FOR CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES. TOTAL AGGREGATE LIABILITY FOR DIRECT DAMAGES SHALL NOT EXCEED THE AMOUNTS PAID BY ACCOUNT HOLDER TO SERVICE PROVIDER UNDER THIS AGREEMENT DURING THE SIX (6) MONTHS PRECEDING THE EVENT GIVING RISE TO LIABILITY.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws principles.

ENTIRE AGREEMENT

This Agreement, including any exhibits or documents expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous oral or written agreements, proposals or understandings relating to account linking. Any amendment to this Agreement must be in writing and signed by authorized representatives of both parties.

MISCELLANEOUS

If any provision of this Agreement is held invalid or unenforceable, the remainder of the Agreement shall remain in full force and effect. Neither party may assign this Agreement without the prior written consent of the other party, except that a party may assign to an affiliate or successor in connection with a merger or sale of substantially all assets. Notices required under this Agreement shall be in writing and deemed given when delivered personally or sent by certified mail or overnight courier to the address set forth above.

Sign Now