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TERMS OF ENGAGEMENT
The following terms
apply:
1
Fees raised in non-litigation matters will be
based on hourly rates, which may vary depending on the complexity and
urgency of the matter, the risks involved and the experience of the
attorney dealing with the matter.
2
In litigation matters the fees raised will be
the higher of the applicable court-tariff or the hourly rates of the
attorney dealing with the matter.
3
It shall be the client’s responsibility to
enquire the rate applicable.
4
The hourly rate so quoted does not include
VAT and for this purpose a VAT-invoice shall be forwarded to client.
5
Fees raised do not include disbursements
which shall appear separately on statements / VAT-invoices.
6
All fees and disbursements are payable on
date of statement/VAT-invoice;
7
It may be required that a deposit be paid
prior to commencement with work and that the deposit, which may have to
be supplemented by further payments when required may be applied to pay
for fees and disbursements as and when raised /incurred.
8
Client shall have the right to request that
an itemised bill of cost be prepared and presented for taxation.
9
In terms of the Financial Intelligence Centre
Act No 38 of 2001, this firm is an accountable institution and legally
obliged to establish and verify the source of all funds which will be
utilized in the process of this transaction, as well as the full
identity and personal particulars of the parties involved in the
transaction. Although all information will be treated as
confidential, the aforementioned Act imposes a reporting duty on
accountable institutions under certain circumstances, which, according
to the Act, overrides such confidentiality.
10
Any cash deposit above R49 999.99 must be
reported to the Financial Intelligence Centre (Government) in terms of legislation, you will also be
responsible for the disbursement charged by the Bank for the cash
handling fee.
11
Kindly note that our statements are payable
within 30 days and we reserve the right to suspend work without notice
on all matters if any balance goes beyond 60 days.
Dated at
________________ on________________________20__.
Signature:
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