{"id":1972,"date":"2018-08-01T23:48:15","date_gmt":"2018-08-01T23:48:15","guid":{"rendered":"http:\/\/alexlee.co.nz\/?page_id=1972"},"modified":"2021-10-24T13:41:49","modified_gmt":"2021-10-24T00:41:49","slug":"terms-of-trade","status":"publish","type":"page","link":"https:\/\/alexlee.co.nz\/en_US\/terms-of-trade\/","title":{"rendered":"Terms of Trade"},"content":{"rendered":"

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Terms of Trade<\/h2><\/div><\/div>[vc_column_text el_class=”align_justify_cls”]<\/p>\n

Fees<\/strong><\/h3>\n

Our fees are calculated based on a range of factors applied by the New Zealand Law Society which include: time, expertise, importance, urgency and results achieved.\u00a0 The current hourly rate that will apply to the person primarily responsible for your file will be $350.00 (Partner of firm) or $250.00 (Associate\/Solicitor of firm) plus GST.<\/p>\n

If this is a conveyancing transaction which:<\/p>\n

    \n
  1. is not settled within 3 weeks, or<\/li>\n
  2. requires that we apply for a LIM report or undertake any searches for you prior to settlement.<\/li>\n<\/ol>\n

    we will require the sum of $500 up front on account of costs before we are able to undertake any work on your behalf.\u00a0\u00a0 This money will be held in our Trust account on your behalf and not accessed by us until an invoice has been rendered to you.<\/p>\n

    Likewise for all other matters, we will require a retainer between $ 350 – $ 500 before we are able to undertake any work on your behalf.\u00a0\u00a0 This money will be held in our Trust account on your behalf and not accessed by us until an invoice has been rendered to you.<\/p>\n

    We also charge for other costs incurred which may include forms, tolls, photocopying, faxes, registrations, searches, mileage and other similar costs incurred in relation to the work undertaken on your behalf.\u00a0 The cost charged for some of these items will also incur an additional administrative component to reflect the management of these expenses.\u00a0 On most files a sundry set office charge will be added to cover the costs of postage, file establishment, local calls etc.<\/p>\n

    It is our policy to render regular accounts which are due within 14 days of the date on the account.\u00a0 We may elect to invoice you on regular interim basis where the matter is taking a medium to long term to complete.<\/p>\n

    Our letter of engagement serves as an Authority to us to deduct our fees and costs from any funds held by you where work has been undertaken to the value of the fees and costs.<\/p>\n

    If the engagement letter specifies a fixed fee, we will charge this for the agreed scope of our services.\u00a0 If there is work which falls outside that scope, this will be charged on an hourly rate basis.\u00a0 We will advise you as soon as reasonably practicable if it becomes necessary for us to provide services outside the agreed scope and, if requested, give you an estimate of the likely amount of the further costs.[\/vc_column_text][vc_column_text el_class=”align_justify_cls”]<\/p>\n

    Payment<\/strong><\/h3>\n

    Invoices are payable within 10 working days of the date of the invoice, unless alternative arrangements have been made with us.\u00a0 We are entitled to charge interest on any amount which is more than 7 days overdue.\u00a0 Any interest then charged will be charged at the current commercial overdraft rate per annum + 2 % currently charged by our trading bank.\u00a0 If you do not pay our fees and disbursements as they fall due, you may be liable for our costs, expenses and charges that are incurred by us in collection of those fees. By engaging us, you are agreeing \u00a0that we can provide any information on any amount owed to us which is overdue for payment, to credit agencies if required.[\/vc_column_text][vc_column_text el_class=”align_justify_cls”]<\/p>\n

    Client Care and Service<\/strong><\/h3>\n

    The Law Society client care and service information is set out below.\u00a0 We agree to:ior<\/p>\n