This Agreement is entered into between WealthPods, LLC, a Pennsylvania limited liability company doing business as WealthSnap (“WealthPods,” “WealthSnap,” “we,” “us,” or “our”), and the individual or entity accessing or using the WealthSnap platform (“User,” “you,” or “your”).
This Agreement governs your access to and use of the WealthSnap platform, including related hosted services, web applications, forms, integrations, APIs, documentation, downloadable or embedded software components, implementation utilities, and support materials made available under the WealthSnap brand.
DEFINITIONS
1.1"Platform" means the WealthSnap software application, including all features, APIs, integrations, updates, improvements, and related services provided by WealthPods.
1.2"CRM" means any third-party Customer Relationship Management system with which the Platform integrates, including but not limited to Wealthbox CRM, Redtail Technology, and Salesforce.
1.3"Client Data" means any data, information, or content submitted through the Platform by the User or the User's clients, including but not limited to names, contact information, financial data, account data, risk tolerance information, and any data residing in custom fields created by the User within their CRM.
1.4"Pass-Through Data" means Client Data that is transmitted through the Platform solely for the purpose of delivery to the User's designated CRM and is not intentionally retained by WealthPods beyond the period technically necessary to complete transmission, error handling, security monitoring, fraud prevention, troubleshooting, or other transient processing incidental to operating the Platform.
1.5"Sensitive Data" means data elements that may require heightened legal protection, including but not limited to Social Security numbers, government-issued identification numbers, financial account numbers, health information, biometric data, and any data classified as sensitive under applicable federal or state law.
1.6"Operational Data" means anonymized or otherwise non-identifiable system metadata collected by WealthPods to operate, maintain, secure, troubleshoot, and improve the Platform, including but not limited to submission timestamps, API response codes, error codes, system event logs, and field identifiers (not field values). Operational Data does not intentionally include Client Data or Sensitive Data except to the limited extent incidentally captured in technical logs contrary to intended design.
1.7"Documentation" means the user guides, implementation materials, knowledge base content, and other written instructions made available by WealthPods for the Platform.
1.8"Free Trial" means a limited, time-bound access period during which User may access the Platform at no charge, subject to the terms of Section 15 of this Agreement.
1.9"Authorized User" means an employee, contractor, adviser, representative, or other individual whom User authorizes to access or use the Platform under User's account.
1.10"Order Form" means any order, subscription confirmation, checkout page, statement of work, pricing plan selection, or other commercial record identifying applicable fees, subscription scope, term, user limits, or service entitlements.
LICENSE GRANT
2.1Subject to the terms of this Agreement and timely payment of applicable fees (if any), WealthPods grants User a limited, non-exclusive, non-transferable, revocable license to access and use the Platform solely for User's internal wealth management business purposes during the applicable subscription term.
2.2If WealthPods provides downloadable software, embedded widgets, scripts, or similar client-side components, those components are licensed, not sold, and may be used only in object code form solely as necessary to access or use the Platform.
2.3User may permit its Authorized Users to access and use the Platform on its behalf, and User is responsible for all acts and omissions of its Authorized Users.
2.4User may not:
- Sublicense, sell, resell, transfer, assign, or otherwise exploit the Platform for any third-party commercial purpose without WealthPods' prior written consent;
- Modify, copy, reverse engineer, decompile, disassemble, or create derivative works of the Platform or any component thereof;
- Use the Platform in any manner that violates applicable law or regulation, including but not limited to securities laws, privacy laws, data protection laws, and financial services regulations;
- Use the Platform to transmit unlawful, harmful, fraudulent, abusive, or malicious content;
- Interfere with or disrupt the integrity, security, or performance of the Platform or its underlying infrastructure;
- Attempt to gain unauthorized access to any portion of the Platform or any related systems or networks;
- Use the Platform to build a competing product or service.
DATA ARCHITECTURE, HANDLING, AND TRANSPARENCY
3.1Pass-Through Architecture
The Platform is designed and operated principally as a data pass-through conduit. Client Data submitted through the Platform is intended to be transmitted directly to the User's designated CRM via API. WealthPods does not store, retain, archive, or maintain persistent business records of Pass-Through Data on its servers after successful transmission, except to the limited extent technically necessary for transient processing, security, troubleshooting, integrity monitoring, fraud prevention, legal compliance, or disaster recovery.
3.2Data WealthPods Does Collect
In the ordinary course of operating the Platform, WealthPods collects and retains the following categories of data:
- Account credentials and authentication information (username, hashed password, OAuth tokens) necessary to maintain User's account and CRM connection;
- Form configuration data, including field mappings, form structure, branding settings, and other implementation settings created by User;
- Subscription and billing information sufficient to process payment and administer the commercial relationship;
- Operational Data, including anonymized or limited technical metadata such as submission timestamps, API response codes, error codes, and field identifiers (not field values), except as otherwise incidentally captured in technical systems contrary to intended design. WealthPods does not retain or have access to the values entered by clients into the intake forms.
3.3Error Handling Architecture
If a form submission results in an API error from the CRM provider, the Platform may be designed to return relevant submission information to the User's browser via HTTPS response and to preserve limited information locally in the User's browser session or similar client-side storage so the User can review or retry the submission. WealthPods intends to log only the minimum technical metadata reasonably necessary to diagnose the error and operate the service.
3.4Custom Fields and Sensitive Data
THE PLATFORM ALLOWS USERS TO MAP AND TRANSMIT DATA FROM CUSTOM FIELDS CREATED WITHIN THEIR CRM. USER EXPRESSLY ACKNOWLEDGES AND AGREES THAT:
- WealthPods has no visibility into, and exercises no control over, the content, nature, or sensitivity classification of custom CRM fields created by User;
- User may configure the Platform to transmit fields containing Sensitive Data, including Social Security numbers, tax identification numbers, financial account numbers, or other regulated information;
- User assumes sole and complete responsibility for determining the appropriateness of transmitting any Sensitive Data through the Platform;
- WealthPods makes no representation that the Platform is compliant with any specific regulatory framework — including but not limited to FINRA, SEC, HIPAA, GLBA, CCPA, or state-specific privacy or financial services laws — with respect to the transmission of Sensitive Data through custom fields;
- User is solely responsible for ensuring that its configuration and use of the Platform, including any transmission of Sensitive Data, complies with all applicable laws, regulations, contractual commitments, and the User's own firm compliance policies and obligations.
3.5CRM Provider Responsibility
Client Data delivered to User's CRM is subject exclusively to the terms, privacy policy, security practices, retention practices, and technical limitations of the applicable CRM provider. WealthPods is not responsible for the storage, security, handling, processing, or use of Client Data once it has been successfully transmitted to the CRM. User is solely responsible for ensuring that its CRM provider's practices satisfy any applicable regulatory or contractual requirements.
3.6AI Readiness and Limitations
The Platform may be marketed as providing structured or AI-ready data. This means the Platform may deliver Client Data in a structured, field-mapped format suitable for use with AI analysis tools. WealthPods makes no representation or warranty that:
- Client Data delivered through the Platform will produce any particular outcome when processed by AI or machine learning tools;
- The Platform is compatible with any specific AI tool or platform;
- Use of AI tools on data delivered by the Platform will meet any regulatory requirement or compliance obligation;
- AI-generated analysis of data delivered by the Platform will be accurate, complete, or suitable for any financial, investment, legal, or compliance purpose.
User assumes sole responsibility for any AI tools used in conjunction with data delivered by the Platform and for all outcomes thereof.
FINANCIAL SERVICES REGULATORY DISCLAIMER
4.1WealthPods is a technology company and is not a registered investment adviser, broker-dealer, investment company, financial planner, fiduciary, compliance service, or law firm under any federal or state securities or professional-services law.
4.2The Platform does not provide investment advice, compliance guidance, legal advice, or regulatory interpretation.
4.3User, as a wealth management professional, is solely responsible for:
- Ensuring that its use of the Platform complies with all applicable securities laws, FINRA rules, SEC regulations, state investment adviser laws, and any applicable broker-dealer or RIA compliance program requirements;
- Obtaining all required client consents under GLBA, state privacy laws, or any applicable client agreement before collecting, transmitting, or processing client data through the Platform;
- Ensuring that any data collected or transmitted through the Platform satisfies the User's record-keeping obligations under applicable law;
- Ensuring that the Platform's use does not violate any applicable data security requirements, including but not limited to those imposed by FINRA Rule 4370, SEC Regulation S-P, or applicable state laws.
Nothing in this Agreement shall be construed as WealthPods assuming any compliance obligation of the User.
USER RESPONSIBILITIES
User agrees to:
- Maintain the confidentiality and security of User's account credentials and notify WealthPods immediately of any unauthorized access or security incident;
- Ensure that all use of the Platform complies with applicable federal, state, and local laws and regulations;
- Obtain all legally required rights, notices, consents, and authorizations from clients before collecting, transmitting, or processing their data through the Platform;
- Implement and maintain appropriate administrative, technical, and physical safeguards to protect Client Data prior to submission through the Platform;
- Review and comply with the terms of service and privacy policies of User's CRM provider;
- Promptly notify WealthPods at support@wealthsnap.io of any known or suspected security incident involving the Platform;
- Ensure that the Platform is used only for lawful wealth management purposes and not to collect data for unauthorized purposes.
THIRD-PARTY INTEGRATIONS AND DEPENDENCIES
The Platform integrates with third-party CRM providers and other third-party platforms via API. WealthPods does not control and is not responsible for:
- The availability, uptime, or performance of any third-party CRM API or other third-party platform;
- Changes to any third-party CRM API that may disrupt, degrade, or terminate Platform functionality;
- Security vulnerabilities in any third-party CRM platform;
- Any fees, terms, or conditions imposed by third-party CRM providers.
WealthPods will use commercially reasonable efforts to maintain integrations with supported providers but does not guarantee the continued availability of any specific integration. WealthPods will provide reasonable notice to Users if a supported integration is being discontinued where reasonably practicable.
User acknowledges that third-party API availability is outside WealthPods' control and agrees that WealthPods is not liable for service disruption, data loss, submission failure, or delayed processing caused by third-party downtime, API changes, authentication failures, or User misconfiguration.
INTELLECTUAL PROPERTY
The Platform, including all software, features, designs, algorithms, workflows, API architectures, branding, and documentation, is and remains the exclusive intellectual property of WealthPods and its licensors.
All rights not expressly granted herein are reserved by WealthPods.
User's right to use the Platform is limited to the license expressly granted in Section 2. Nothing in this Agreement transfers any ownership interest in the Platform to User.
User retains all ownership rights in User's form configurations, CRM field mappings, branding assets, and other materials provided by User, subject to the limited rights necessary for WealthPods to operate the Platform.
If User provides suggestions, enhancement requests, feedback, or ideas regarding the Platform, WealthPods may use them without restriction or obligation, provided it does not publicly identify User without consent.
DATA SECURITY AND BREACH NOTIFICATION
8.1WealthPods Security Measures
WealthPods implements commercially reasonable administrative, technical, and physical safeguards designed to protect the Platform and Operational Data, which may include encryption in transit, authentication controls for CRM API connections, access controls for Platform administration, and periodic review of security practices and infrastructure. No data transmission over the internet can be guaranteed to be 100% secure.
8.2Security Incident Notification
In the event of a confirmed security incident affecting WealthPods' systems that is reasonably likely to materially impact User's account, Operational Data, or WealthPods' ability to provide the Platform, WealthPods will notify affected Users without undue delay and, where practicable, within seventy-two (72) hours after confirmation.
To the extent the incident instead affects Client Data stored with User's CRM provider or other third party after successful transmission, User is solely responsible for its own downstream notification and regulatory obligations except to the extent otherwise required by applicable law or a separate written agreement with WealthPods.
CONFIDENTIALITY
9.1Each party receiving Confidential Information (the "Recipient") will protect the disclosing party's Confidential Information using reasonable care and will use it only as necessary to perform or exercise rights under this Agreement.
9.2"Confidential Information" means non-public information disclosed by one party to the other that should reasonably be understood to be confidential given the nature of the information and the circumstances of disclosure, including Customer Data, pricing, security information, technical information, and non-public business information.
9.3Confidential Information does not include information that the Recipient can demonstrate is public through no breach of this Agreement, was already lawfully known without restriction, is independently developed without use of the disclosing party's Confidential Information, or is lawfully obtained from a third party without restriction.
9.4A Recipient may disclose Confidential Information to the extent required by law, subpoena, court order, or regulatory request, provided it gives notice where legally permitted.
DISCLAIMER OF WARRANTIES
THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTY OF ANY KIND, EXCEPT THAT WEALTHPODS WARRANTS THAT DURING A PAID SUBSCRIPTION TERM IT WILL USE COMMERCIALLY REASONABLE EFFORTS TO MAKE THE PLATFORM AVAILABLE IN MATERIAL CONFORMANCE WITH THE APPLICABLE DOCUMENTATION.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WEALTHPODS EXPRESSLY DISCLAIMS ALL OTHER WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO:
- WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT;
- WARRANTIES THAT THE PLATFORM WILL BE UNINTERRUPTED, ERROR-FREE, FREE FROM VIRUSES, OR SECURE;
- WARRANTIES THAT CLIENT DATA WILL BE TRANSMITTED WITHOUT LOSS, CORRUPTION, DELAY, OR INTERCEPTION;
- WARRANTIES THAT THE PLATFORM COMPLIES WITH ANY SPECIFIC REGULATORY REQUIREMENT APPLICABLE TO USER'S BUSINESS OR CLIENTS;
- WARRANTIES REGARDING THE SECURITY, RELIABILITY, PERFORMANCE, OR AVAILABILITY OF ANY THIRD-PARTY CRM API OR INTEGRATION;
- WARRANTIES REGARDING THE ACCURACY, COMPLETENESS, OR SUITABILITY OF DATA PROCESSED BY AI TOOLS USING OUTPUT FROM THE PLATFORM.
LIMITATION OF LIABILITY
11.1TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL WEALTHPODS, ITS MEMBERS, MANAGERS, OFFICERS, EMPLOYEES, AGENTS, OR CONTRACTORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, LOSS OF REVENUE, LOSS OF DATA, LOSS OF GOODWILL, BUSINESS INTERRUPTION, REGULATORY FINES OR PENALTIES, COST OF SUBSTITUTE SERVICES, OR CLIENT CLAIMS ARISING FROM OR IN CONNECTION WITH THIS AGREEMENT, THE PLATFORM, OR ANY CRM INTEGRATION, EVEN IF WEALTHPODS HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
11.2WEALTHPODS' TOTAL CUMULATIVE LIABILITY TO USER FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE PLATFORM SHALL NOT EXCEED THE GREATER OF: (A) THE TOTAL FEES PAID BY USER TO WEALTHPODS IN THE TWELVE (12) CALENDAR MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM; OR (B) ONE HUNDRED DOLLARS ($100.00).
11.3WEALTHPODS SHALL NOT BE LIABLE FOR ANY FAILURE OR DELAY IN PERFORMANCE CAUSED BY: (A) THIRD-PARTY CRM API DOWNTIME, CHANGES, OR FAILURES; (B) USER'S MISCONFIGURATION OF FORMS OR FIELD MAPPINGS; (C) USER'S TRANSMISSION OF SENSITIVE DATA THROUGH CUSTOM FIELDS; OR (D) OUTCOMES PRODUCED BY AI OR MACHINE LEARNING TOOLS OPERATING ON DATA DELIVERED BY THE PLATFORM.
11.4The limitations in this Section apply regardless of the theory of liability, whether based in contract, tort, negligence, strict liability, or otherwise. Some jurisdictions do not allow the exclusion or limitation of certain damages; in such jurisdictions, WealthPods' liability is limited to the maximum extent permitted by law.
11.5The foregoing limitations will not apply to obligations that cannot lawfully be limited or excluded under applicable law.
INDEMNIFICATION
12.1User agrees to indemnify, defend, and hold harmless WealthPods, LLC and its members, managers, officers, employees, agents, successors, and assigns from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees and court costs) arising out of or related to:
- User's access to or use of the Platform;
- User's breach of any term of this Agreement;
- User's violation of any applicable law, regulation, or rule, including but not limited to securities laws, privacy laws, GLBA, FINRA rules, and data protection requirements;
- User's transmission of Sensitive Data or regulated data through the Platform, including through custom CRM fields;
- Any claim by User's clients arising from User's collection, processing, or use of their data through the Platform;
- User's relationship with or obligations to its CRM provider;
- Any regulatory action or investigation arising from User's use of the Platform.
12.2WealthPods will defend User against any third-party claim alleging that the Platform, when used as authorized under this Agreement, infringes a United States patent, copyright, trademark, or trade secret of that third party, and will indemnify User against damages finally awarded or amounts paid in settlement approved by WealthPods, provided User promptly notifies WealthPods of the claim, grants WealthPods sole control of the defense and settlement, and reasonably cooperates at WealthPods' expense.
12.3WealthPods will have no obligation under Section 12.2 to the extent a claim arises from Client Data, Third-Party Platforms, combinations not provided by WealthPods, modifications not made by or for WealthPods, or use of the Platform in violation of this Agreement or applicable Documentation.
TERM AND TERMINATION
This Agreement is effective as of the date User first accesses the Platform and continues until terminated by either party or until all applicable subscription terms and Order Forms expire or terminate.
WealthPods may suspend or terminate User's access to the Platform immediately, without prior notice or liability, if WealthPods determines that User has: (a) violated any term of this Agreement; (b) failed to pay applicable fees; (c) used the Platform in a manner that poses a legal, security, operational, or reputational risk to WealthPods or other users; or (d) provided false or misleading information in connection with User's account.
User may terminate this Agreement at any time by ceasing all use of the Platform and closing User's account in accordance with WealthPods' account closure procedures. Prepaid fees are non-refundable except as required by applicable law or expressly stated in a separate written agreement.
Upon termination for any reason: (a) the license granted in Section 2 shall immediately and automatically terminate; (b) User shall have no further right to access the Platform; and (c) WealthPods shall have no obligation to retain or return any User configuration data except as otherwise required by law or a separate written agreement.
Sections 3, 4, 7, 8, 9, 10, 11, 12, 14, 15, and 16 shall survive termination.
GOVERNING LAW AND JURISDICTION
This Agreement is governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to its conflict of laws principles.
User irrevocably consents to the exclusive personal jurisdiction and venue of the state and federal courts located in Chester County, Pennsylvania for any dispute arising out of or related to this Agreement that is not subject to arbitration under Section 15.
DISPUTE RESOLUTION; ARBITRATION; CLASS ACTION WAIVER
15.1Informal Resolution
Before initiating any formal dispute resolution proceeding, the parties agree to first attempt to resolve any dispute through good-faith negotiation. The party raising the dispute shall provide written notice to the other party, and the parties shall have thirty (30) days to attempt informal resolution.
15.2Binding Arbitration
If informal resolution fails, any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, enforcement, interpretation, or validity thereof, shall be resolved by binding arbitration administered by JAMS in accordance with its Streamlined Arbitration Rules and Procedures. The arbitration shall take place in Chester County, Pennsylvania. The arbitrator's award shall be final and binding and may be entered as a judgment in any court of competent jurisdiction.
Notwithstanding the foregoing, WealthPods may seek injunctive or other equitable relief in any court of competent jurisdiction to protect its intellectual property rights or confidential information without waiving its right to arbitration.
15.3Class Action Waiver
USER AND WEALTHPODS EACH AGREE THAT ANY CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE BROUGHT IN THEIR RESPECTIVE INDIVIDUAL CAPACITIES ONLY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A CLASS OR REPRESENTATIVE PROCEEDING.
FREE TRIAL TERMS
WealthPods may, at its sole discretion, offer User access to the Platform on a no-charge basis for a limited trial period ("Free Trial"). The following terms apply to Free Trials:
- The Free Trial period and features will be communicated to User at the time of sign-up and may be modified or discontinued by WealthPods at any time;
- At the end of the Free Trial period, User must select a paid subscription plan or access to the Platform may be suspended or terminated;
- All terms of this Agreement apply during the Free Trial period;
- WealthPods reserves the right to terminate any Free Trial at any time for any reason;
- Beta, preview, or pilot features, if any, may be subject to reduced support, different security or availability standards, and additional product changes.
GENERAL PROVISIONS
17.1Entire Agreement
This Agreement, together with any order forms, subscription confirmations, checkout pages, statements of work, and exhibits incorporated herein by reference, constitutes the entire agreement between the parties with respect to the Platform and supersedes all prior and contemporaneous agreements, representations, and understandings.
17.2Amendments
WealthPods reserves the right to modify this Agreement at any time. Material changes will be communicated to User via email to the address on file or prominent notice within the Platform at least thirty (30) days before the effective date of the change. Continued use of the Platform after the effective date of any modification constitutes acceptance of the modified Agreement. If User does not agree to a modification, User's sole remedy is to terminate the Agreement and cease using the Platform.
17.3Severability
If any provision of this Agreement is held invalid, illegal, or unenforceable by a court of competent jurisdiction, the provision shall be modified to the minimum extent necessary to make it enforceable, and the remaining provisions shall continue in full force and effect.
17.4Waiver
No waiver of any term of this Agreement shall be deemed a further or continuing waiver. WealthPods' failure to enforce any provision shall not constitute a waiver of its right to do so in the future.
17.5Assignment
User may not assign, delegate, or transfer this Agreement or any rights hereunder without WealthPods' prior written consent. WealthPods may freely assign this Agreement, including in connection with a merger, acquisition, corporate reorganization, or sale of all or substantially all of its assets, without User's consent. Any purported assignment in violation of this Section is void.
17.6Force Majeure
WealthPods shall not be liable for any delay or failure to perform resulting from causes beyond its reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, government action, pandemic, internet or telecommunications outages, cyberattacks, or failures of third-party service providers (including CRM providers).
17.7No Third-Party Beneficiaries
This Agreement is for the sole and exclusive benefit of the parties hereto. Nothing in this Agreement, express or implied, confers any rights or remedies upon any third party, including User's clients.
17.8Electronic Acceptance and Records
User agrees that electronic acceptance of this Agreement (including click-through acceptance) constitutes a valid, binding, and enforceable agreement. WealthPods may maintain records of User's acceptance and account activity in electronic form, which shall be admissible in any proceeding to the same extent as paper records.
17.9Notices
All legal notices required or permitted under this Agreement shall be in writing and delivered to: WealthPods, LLC, 1240 White Wood Way, West Chester, PA 19382, or via email to support@wealthsnap.io. Notices sent by email are effective upon confirmed delivery. Notices sent by certified U.S. mail are effective five (5) business days after posting.
17.10Independent Counsel
The parties acknowledge that each has had the opportunity to seek the advice of independent legal counsel prior to entering into this Agreement.
Acknowledgment of Agreement
BY USING THE WEALTHSNAP PLATFORM, USER ACKNOWLEDGES THAT USER HAS READ THIS AGREEMENT IN ITS ENTIRETY, UNDERSTANDS ITS TERMS, AND AGREES TO BE LEGALLY BOUND BY THEM. IF USER IS ENTERING INTO THIS AGREEMENT ON BEHALF OF A COMPANY OR OTHER LEGAL ENTITY, USER REPRESENTS THAT USER HAS THE AUTHORITY TO BIND SUCH ENTITY.