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The Account Management Agreement serves as a fundamental legal document in Pakistan's banking and financial services sector, establishing the framework for professional account management relationships. This agreement is essential when a financial institution or professional account manager takes responsibility for managing client accounts, whether for individuals, corporations, or other entities. The document encompasses crucial elements required by Pakistani banking regulations, including compliance with the Banking Companies Ordinance 1962, Anti-Money Laundering Act 2010, and State Bank of Pakistan directives. It details service scope, fee structures, operational procedures, reporting requirements, and risk management protocols, while potentially incorporating provisions for digital banking services and Islamic banking principles where applicable. The agreement is particularly important in ensuring clear definition of responsibilities, authority levels, and service standards while maintaining compliance with local financial regulations.

1. Parties: Identifies and defines the Account Manager and the Client with their full legal names and addresses

2. Background: Outlines the context of the agreement, including the Account Manager's qualifications and the Client's desire for account management services

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Scope of Services: Details the specific account management services to be provided, including types of accounts covered

5. Appointment and Authority: Formally establishes the appointment of the Account Manager and defines their authority levels

6. Account Manager's Obligations: Lists the specific duties and responsibilities of the Account Manager

7. Client's Obligations: Outlines the Client's responsibilities and obligations under the agreement

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

9. Confidentiality: Establishes confidentiality obligations regarding client information and account details

10. Anti-Money Laundering Compliance: Addresses compliance with Pakistani AML regulations and required procedures

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

12. Liability and Indemnification: Defines the extent of liability and indemnification obligations of both parties

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

14. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and defines jurisdiction for disputes

15. Notices: Specifies how formal communications between parties should be made and delivered

16. General Provisions: Includes standard boilerplate clauses such as severability, entire agreement, and amendments