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This clause establishes the procedural framework through which PayPal exercises its authority to modify agreement terms unilaterally. The 5-day notice period defines the minimum timeframe business account holders have between notification and implementation of contractual changes.
Business account holders are bound by modified terms after the 5-day notice period expires, provided PayPal has posted updates to its Policy Updates page or delivered written notice. Continued use of the account after the effective date constitutes acceptance of the amended terms.
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We reserve the right to change this Agreement by posting a revised Terms of Use and we agree that changes cannot be retroactive. If you don't agree with these changes, you must stop using Wealthfront.
We may modify the Terms from time to time. The most current version of the Terms will be located here. You understand and agree that your access to or use of the Service is governed by the Terms effective at the time of your access to or use of the Service.
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"For business accounts, notice will include posting information about the changes on our Policy Updates page or providing information about the changes by other written means (which may include email). If you accepted this user agreement prior to us providing notice of the changes on the Policy Updates page or by other written means, then such notice will be provided at least 5 days before the applicable effective date.— Excerpt from PayPal's PayPal User Agreement
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This clause establishes the procedural framework through which PayPal exercises its authority to modify agreement terms unilaterally. The 5-day notice period defines the minimum timeframe business account holders have between notification and implementation of contractual changes.
Business account holders are bound by modified terms after the 5-day notice period expires, provided PayPal has posted updates to its Policy Updates page or delivered written notice. Continued use of the account after the effective date constitutes acceptance of the amended terms.
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