Fraud Prevention Wire Fraud Notice

FRAUD PREVENTION WIRE FRAUD NOTICE

WHEREAS, Client Name: and Service Provider Name: (each a "Party" and collectively the "Parties") desire to establish procedures to reduce the risk of fraudulent wire transfer instructions and related financial loss;

WHEREAS, the Parties acknowledge that fraudulent actors frequently attempt to induce changes to payment instructions through email compromise, impersonation, or falsified documentation, and agree to implement reasonable verification and handling procedures as set forth in this Notice effective as of Effective Date: .

WHEREAS, the Parties intend that this Fraud Prevention Wire Fraud Notice govern the issuance, receipt, verification, and execution of wire transfer instructions and related communications between them, and that it be incorporated into any underlying services agreement to the extent applicable.

Scope of Work

The Service Provider will: (a) provide written wire instruction templates and change-order procedures; (b) require dual-party verification for all wire instruction changes; and (c) maintain an authorization list of approved contact persons. Authorized Contact Persons (names and roles):

Wire Instruction Verification Procedures

All wire transfer instructions, additions, or changes to previously communicated banking details must be verified by telephonic confirmation to a pre-authorized telephone number. Verification Phone Number: . The Parties agree that written or electronic confirmation alone is insufficient to authorize a change of payment instructions.

The Parties shall allow a minimum verification period of Verification Lead Time: before executing any large-value wire transfers or changes to beneficiary banking information, unless mutually agreed in writing and authenticated by both authorized contacts.

Payment Terms

Late payments shall incur interest at a rate of per month on the outstanding balance, compounded monthly, plus any costs of collection reasonably incurred.

Term and Termination

Term Commencement Date: . Term Expiration Date: .

Either Party may terminate this Notice for convenience upon written notice delivered at least Notice Period (days): days prior to termination. Either Party may terminate immediately for material breach, including failure to follow the verification procedures described herein, provided the non-breaching Party has given the breaching Party written notice and ten (10) business days to cure the breach.

Confidentiality

Each Party shall treat as confidential all non-public information disclosed in connection with wire verification procedures, including banking details, contact lists, and authentication data ("Confidential Information"). Confidential Information shall not be disclosed except to authorized personnel, to the extent required by law, or with prior written consent of the disclosing Party. The receiving Party shall employ reasonable administrative, physical, and technical safeguards to protect such Confidential Information.

By checking this box, the signing Party acknowledges and agrees to the confidentiality obligations set forth above.

Acknowledgment of Receipt and Procedures

The undersigned Parties acknowledge receipt of this Fraud Prevention Wire Fraud Notice, confirm that they have reviewed the verification procedures, and agree to comply with the requirements herein. The Client further agrees to immediately notify the Service Provider upon any suspected compromise of email accounts, contact directories, or banking information.

Acknowledgment: I acknowledge receipt of this notice and consent to the procedures and terms contained herein.

Governing Law

This Fraud Prevention Wire Fraud Notice shall be governed by and construed in accordance with the laws of the State of Governing Jurisdiction: , without regard to its conflict of laws principles.

Entire Agreement

This Notice constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous understandings and agreements, whether written or oral, relating to wire fraud prevention procedures, unless expressly incorporated into a separate written agreement signed by both Parties.

Remedies

If a Party suffers loss due to another Party's failure to follow the procedures in this Notice, the non-complying Party shall be responsible for losses directly resulting from such failure, subject to any limitations of liability agreed in underlying agreements. Nothing in this Notice shall limit equitable remedies for breaches involving Confidential Information or intentional fraud.

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