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The Joint Account Agreement is a essential banking document used in Germany when two or more individuals or entities wish to establish and maintain a shared bank account. This agreement is particularly relevant under German banking law and must comply with the German Civil Code (BGB), Banking Act (KWG), and relevant EU regulations. It is commonly used for various purposes including family accounts, business partnerships, and organizational accounts. The document details the operational structure of the account (whether 'and' or 'or' account), defines the rights and responsibilities of all account holders, establishes liability arrangements, and includes specific provisions required by German banking regulations and data protection laws. The agreement is crucial for establishing clear guidelines for account operation and avoiding potential disputes between account holders.

1. Parties: Identification of all joint account holders and the bank, including full legal names, addresses, and identification details

2. Background: Context of the agreement, purpose of the joint account, and relationship between the account holders

3. Definitions: Key terms used throughout the agreement, including types of operations, authority levels, and banking terminology

4. Account Type and Operation: Specification of whether it's an 'and' account (requiring all holders' consent) or an 'or' account (allowing individual operation), and operating procedures

5. Rights and Authorities: Detailed description of what each account holder can do, including transaction limits and special authorities

6. Obligations and Responsibilities: Joint and several liability provisions, responsibility for overdrafts, fees, and maintenance of the account

7. Communications and Instructions: How the bank will communicate with account holders and accept instructions

8. Fees and Charges: Details of all applicable fees, charges, and how they will be shared between account holders

9. Account Statements and Reporting: How account information will be provided and to whom

10. Death or Incapacity: Procedures and rights in case of death or incapacity of any account holder

11. Termination: Process for closing the account or removing/adding account holders

12. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes

13. Data Protection: GDPR compliance provisions and data handling procedures