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Non-Tech : Nasdaq Subscriber Agreement
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To: AL R who wrote (2)4/17/2001 11:43:29 AM
From: canuck-l-head   of 52
 
You're driving with your EYES WIDE OPEN, Al. Good for you. Unfortunately, I think most people really don't think about "consequence" until it comes full circle and then they whine and want 60 Minutes to put their grievances on national TV. By that time, they have lost everything, and want the government to compensate them for their stupidity.

I would LOOOOOVE to get a full legal opinion on this agreement. I even doubt it has pith and substance in Canada because it doesn't follow basic business practices of full disclosure.

How can it be enforceable when it mentions billing the subscriber but it doesn't mention or include the "fee schedule"?

And it DOES state, "The Agreement is deemed to have been made in and is subject to United States, District of Columbia, Law". Which MAY OR MAY NOT be the same law in Canada.

Crap. Free Trade doesn't mean you can assume laws that apply in the US also apply in Canada. Neither the Nasdaq nor TD Waterhouse have taken the time and consideration to research the jurisdictional merits. Comforting.

It wouldn't surprise me if this agreement can't even be upheld in all the States. But who has the time and resources to take it through the courts? (The Nasdaq does!)

Even the Better Business Bureau (Canada) would have a field day with this agreement

canuck-l-head
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