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The Account Management Agreement serves as the primary contractual document between professional account managers and their clients in the Philippines, establishing the framework for the ongoing management of financial accounts and related services. This document is essential when a client engages a financial institution or professional manager to oversee their accounts, execute transactions, and provide related financial services. The agreement must comply with Philippine regulations, including the Securities Regulation Code, Banking regulations, Consumer Protection laws, and Data Privacy requirements. It typically includes comprehensive details about service scope, authority levels, operational procedures, fee structures, risk disclosures, and regulatory compliance obligations. The document is designed to protect both parties' interests while ensuring transparency and regulatory compliance in the Philippine financial services context.

1. Parties: Identifies and provides full details of the account manager and the client

2. Background: Explains the context of the agreement and the parties' intention to enter into an account management relationship

3. Definitions: Defines key terms used throughout the agreement for clarity and precise interpretation

4. Appointment and Scope of Services: Details the client's appointment of the account manager and outlines the core services to be provided

5. Authority and Instructions: Specifies the extent of the account manager's authority and procedures for receiving/acting on client instructions

6. Duties and Responsibilities: Outlines the obligations of the account manager in managing the client's account

7. Client's Obligations: Sets out the client's responsibilities, including providing accurate information and maintaining minimum balances

8. Fees and Charges: Details all fees, charges, and payment terms for the services provided

9. Representations and Warranties: Contains statements of fact and promises made by both parties

10. Risk Disclosures: Outlines potential risks associated with account management services

11. Confidentiality and Data Privacy: Addresses handling of confidential information and compliance with data privacy laws

12. Anti-Money Laundering Compliance: Details compliance requirements with AML regulations

13. Term and Termination: Specifies the duration of the agreement and conditions for termination

14. Liability and Indemnification: Sets out limitations of liability and indemnification obligations

15. Force Majeure: Addresses circumstances beyond parties' control affecting agreement performance

16. Notices: Specifies how formal communications between parties should be made

17. Governing Law and Jurisdiction: Establishes Philippine law as governing law and specifies jurisdiction for disputes

18. General Provisions: Contains standard boilerplate clauses including severability, entire agreement, and amendments