Client agreement obligations require written contracts defining rights, fees, cooperation and disclosure for credit ratings and lender information consent. Regulation 14 mandates a written client agreement defining parties' rights and liabilities and specifying the fee. The client must cooperate for periodic review and provide true, adequate and timely information to enable accurate ratings. The agency must disclose assigned ratings to the client through regular dissemination. The agreement must secure client disclosure in offer documents of prior and non-accepted ratings, require ratings for debt issues per relevant regulations, and obtain client consent for the agency to access borrowing and default information from lenders or repositories.