2.1. Introducing Broker Agreement (hereinafter 'Agreement') sets forth the relationship between the IB and the Company (cumulatively-'Parties,' solely-'Party). All of the possible interactions, relationships, and cooperation between the IB and the Company shall be governed by this Agreement solely.
2.2. Shall any situation not covered by the Agreement arise, the Company shall resolve the matter on the basis of good faith and fairness and, where appropriate, by taking such action as is consistent with market practice. The IB agrees that such decision of the Company shall be final.
2.3. The Agreement comes into effect the moment the IB's application is approved. The Agreement is deemed valid, signed, and functional after the IB receives the approval of their application.
2.4. This Agreement does not imply employment. The IB shall not be considered as the Company's representative, and the Company shall not bear any responsibility for the IB's actions (or failure to act).