merchant-agreement
merchant-agreement
merchant-agreement
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14.9. If you neglect, misuse, lose or damage our equipment you must pay us the full cost<br />
of any necessary repairs or replacements. We may choose whether equipment should<br />
be repaired or replaced. We may reasonably determine the replacement value.<br />
14.10. You must not allow any person except our employees, contractors or agents to<br />
service or repair any equipment we own.<br />
14.11. We must maintain equipment we own at our own expense in all other circumstances<br />
of normal use.<br />
Ownership of equipment<br />
14.12. Equipment we own always remains our property even if it is attached to any other<br />
property. If the equipment is attached to any other property, at our request you<br />
must obtain from the owner of that property an acknowledgment that we own the<br />
equipment and that the owner has no interest in it.<br />
14.13. You must not part with possession or control of equipment we own unless we ask<br />
you to.<br />
Insurance of equipment<br />
14.14. The insurance policy on your premises must:<br />
(a) cover equipment we own for its maximum insurable value; and<br />
(b) have our interest noted on the policy.<br />
Breakdown, malfunction and theft of equipment<br />
14.15. You must tell us immediately when you become aware that any part of the <strong>merchant</strong><br />
services is not operating normally or fully, whether we are, or someone else is,<br />
responsible for its operation. This could include the breakdown or malfunction of<br />
equipment or a telephone or communication line or web site. If we are responsible<br />
for the operation of that part of the <strong>merchant</strong> services, we must repair it as quickly<br />
as possible.<br />
14.16. You must not, by any act or omission, cause a situation where equipment cannot<br />
operate normally unless we suspect fraudulent activity.<br />
14.17. You must tell us immediately if any equipment is stolen, damaged or otherwise<br />
interfered with, whether we are, or someone else is, responsible for its operation.<br />
14.18. You are responsible for any losses arising from the fraudulent use of the equipment<br />
regardless of who owns the equipment.<br />
Software<br />
14.19. You must comply with any additional terms and conditions we prescribe from time<br />
to time in relation to software that we supply to you.