Retainer Agreement Terms and Conditions
The following terms and conditions apply between Bond Solicitors and the Client in relation to all retainer packages (unless otherwise agreed in writing or email between Bond Solicitors and the Client).
The Client has subscribed for one of the retainer packages described on the website.
The term of the package is 12 months. The package will automatically renew at the end of 12 months (and so too thereafter), unless you give us notice of your wish to terminate the package, not less than 30 days before it is due to expire.
As the benefits of the package are spread out over 12 months, it is not possible for you to cancel a package part way through the Term. Should you cease to require the package, the remaining payments due to the end of the Term must be paid. However, we will hold over the unused benefits for a maximum period of 6 months. We may also permit you to transfer these benefits to another party to use in your place.
We reserve our right to discontinue any retainer services by providing you with at least 30 days’ notice.
Hours per month
The stated number of hours per month are provided at a significant discount to our standard hourly rates. Therefore, we do not permit any unused hours to be ‘rolled-over’ into the next month.
We will assign a minimum number of hours towards the production of certain documents, in order to align them with our minimum document charging structure. Examples of the minimum number of hours assigned to a document are as follows (please ask for any other minimum hours for other documents):
NDA: 30 mins
Loan Agreement: 2 hours
Shareholders Agreement: 5 hours
Term & Conditions (online / offline): 5 hours
We will keep a record of time used or assigned to your file and provide you with a written statement on request. Except in the case of manifest error, our recording shall be accepted as final and binding.
Retainer services will be billed automatically each month by direct debit (unless agreed otherwise). Any additional legal fees incurred over and above your package limits will be billed separately to you. You accept and agree that, from time to time, we may incur disbursements on your behalf and that you will pay these in addition to our fees (i.e. in addition to your package limits and/or extra legal fees). Sometimes Bond Solicitors may need to incur these urgently on your behalf and you authorise us to do so. Where we consider we are able to provide you with an estimate of any specific disbursement in advance, we will always do so.
You accept that our Client Care Letter and our Standard Terms and Conditions apply to any services provided to you under this Retainer Agreement (except where the terms of this Retainer Agreement may conflict, in which case the terms of this Retainer Agreement shall take precedence).
Law and Jurisdiction
The terms of this agreement are governed by English law and you agree to submit any dispute to the courts of England & Wales.