Without prejudice to Article 1-4 of Module Eight (Conduct of Business), each agreement concluded with a Client shall in particular: 1. Procedures of order receipt and execution, stating whether this shall be done in writing or via recorded phone calls or E-mail or other modern means of communications. 2. Procedures for informing the Client of completed transactions as well as frequent reports regarding the results of client requests. 3. State the reports to be provided to the Client, including their frequency and method of presentation. 4. State the Licensed Person’s policy for keeping the accounting records and the relevant supporting documentation. 5. State the method of delivery of reports, notices and other communications whether written to be delivered by hand or mail, or through fax or E-mail or any other modern means of communication 6. State whether the parties agree to the option of arbitration in accordance with the Arbitration Rules of the Authority in the event of any dispute arising concerning the contract. 7. A statement that the Licensed Person and the Client shall abide by laws and regulations, especially the Law and these Bylaws.