JAMIKA Limited trading as 3 Buddhas - STANDARD TERMS OF BUSINESS
1.
PRELIMINARY
1.1.
In these
Conditions JAMIKA Limited is referred to as "we", "us" or
"our" and the client with whom we contract to supply services is
referred to as "you", "your" and “yourself”.
1.2.
Our responsibility
is solely to you and we will perform our services with all reasonable care and
skill and will act in good faith at all times.
1.3.
Our services and
fees are as stated in our accompanying client care letter
1.4.
The terms of our
appointment are binding between you and us and may only be varied if mutually
agreed in writing with you and accepted in writing by your authorised signatory
and one of our Directors or the Associate Director who has signed our letter of
appointment.
2.
CHARGES AND EXPENSES
2.1.
If there is a
material change in the scope of our instructions, we will agree with you, in
writing, an additional or alternative fee arrangement.
2.2.
Unless expressly
stated in our letter of appointment, in addition to our fees, you will (subject
to condition 2.3 below) be responsible for all reasonably incurred
out-of-pocket expenses including, without limitation, advertising,
photocopying, printing and reproduction costs, signboards, mailshots,
photography, receptions, plan printing charges, courier charges, travelling
costs, overnight accommodation etc., and marketing material of any kind.
2.3.
If we are
responsible for arranging marketing material then we will obtain estimates for
the costs of marketing materials and agree them with you before incurring the
cost.
2.4.
All fees quoted in
our letter of appointment are exclusive of VAT, which will be charged at the
applicable rate. VAT shall also be
payable by you on disbursements and other amounts due, where applicable.
2.5.
In the event of
our appointment being terminated for whatever cause, we reserve the right to
charge for the work carried out (even if incomplete) in accordance with the fee
basis agreed for the appointment or any subsequent agreed variations to the
terms of our appointment.
3.
PAYMENT
3.1.
Our invoices are
due for payment upon receipt by you.
3.2.
We reserve the
right to charge interest calculated on a daily basis from the 31st day
following the date of the invoice at the statutory rate of interest determined
in accordance with the Late Payment of Commercial Debts (Interest) Act 1998 (as
amended) and to charge any reasonable debt collection costs incurred by us in
the recovery of any outstanding payments that are properly due by you to us.
4.
COMPLAINTS PROCEDURE
4.1.
In the event that
you feel that we are falling short of the high standards that we set ourselves
in the services we provide, please do let us know. Our Complaints Procedure involves a full
investigation of any complaints that we receive. A written copy of our Complaints Procedure
will be made available upon request.
5.
LIABILITY
5.1.
All information
that has been or will be supplied to us by you or your representatives has been
or will be accepted as being correct unless otherwise stated.
5.2.
Nothing in this appointment
shall exclude or limit a party’s liability for death or personal injury caused
by that party’s negligence, or for fraudulent misrepresentation.
5.3.
Neither party to
the appointment shall be liable to the other party for any indirect, special or
consequential loss or damage howsoever caused, whether in contract,
tort, negligence or otherwise.
5.4.
A party shall not be
liable to the other party for any failure or delay in performance of its
obligations under this appointment where such failure or delay is due to
reasons outside its reasonable control.
5.5.
Subject to
condition 5.6 below, our maximum liability (in contract, tort, negligence or
otherwise) to you howsoever arising
in relation to any property to which the appointment
relates, shall in no circumstances exceed 25% of the value (on the basis
identified in the appointment or if no basis is expressed Market Value as
defined by the IVSC) on the date of this instruction of that property.
5.6.
Our maximum
aggregate liability to you arising from, or in relation to, this appointment
(in contract, tort, negligence or otherwise) howsoever arising shall not in any
circumstances either exceed £2 million or exceed the sub-limits stated from
time to time in our insurance policies (details available on request).
6.
DOCUMENTS
6.1.
Unless expressly
stated in our letter of appointment, all intellectual property rights in all
reports, drawings, accounts and other documentation created, prepared or
produced by us in relation to our appointment belongs to us.
7.
TERMINATION
7.1.
Our services under
the terms of our appointment will terminate when one of a number of events
occurs, which include:
7.1.1.
The job is
finished; or
7.1.2.
If you and we
consider that it is not in the mutual best interest of the two parties for us
to continue to act on your behalf; or
7.1.3.
If you do not pay
our invoices as they fall due, or we reasonably anticipate that that will be
the case; or
7.1.4.
If either you or
us becomes insolvent, or has a receiver, liquidator, administrator or
administrative receiver appointed; or
7.1.5.
If either you or
us ceases or threatens to cease trading.
8.
SUPPLEMENTARY TERMS
8.1.
Agency
appointments only - Where we are acting for you on the sale or purchase of an
interest in a property, please refer to the attached Supplementary Terms for
Agency Appointments.
8.2.
Valuation
appointments only - Where we are acting for you on the valuation of a property
or a property portfolio, please refer to the attached Supplementary Terms for
Valuation Appointments.
9.
MONEY LAUNDERING REGULATIONS
Legislation
has imposed on us obligations for mandatory reporting, record-keeping and
client identification procedures. We may have to obtain certain identification
documentation from you which we will attempt to verify electronically, but on
occasion we may need to ask you to assist us in complying with such
requirements. Where such information is requested, you will provide such
information promptly to enable us to proceed to provide our services. We
shall not be liable to you or any other parties for any delay in the
performance or any failure to perform the services which may be caused by our
duty to comply with such requirements.
10.
GENERAL
10.1.
We do not give
legal advice. You should seek legal
advice as appropriate from your lawyers. We have no responsibility for the content of any legal advice that is
obtained.
10.2.
We maintain
professional indemnity insurance (details available on request).
10.3.
We comply with the
Data Protection Act 1998 in relation to your personal data.
10.4.
All discussions we
have with you, advice we give to you and documentation provided by you to us
will be kept confidential, unless we agree with you otherwise.
10.5.
We support the
Code of Practice for Commercial Property Leases.
10.6.
For the purposes
of the Contract (Rights of Third Parties) Act 1999, you and we agree that it is
not intended for any term of the appointment to be enforceable by any third party
who, but for the Act, would not have been entitled to enforce such terms.
10.7.
If at any time any
part of the appointment is held to be or becomes void or otherwise
unenforceable for any reason, then that part will be deemed omitted from the
appointment. The validity or enforceability of the remaining parts of the
appointment shall not in any way be affected or impaired as a result of that
omission.
10.8.
The appointment,
and any issues or disputes arising out of or in connection with it (whether
such disputes are contractual or non-contractual in nature, such as claims in
tort, for breach of statute or regulation, or otherwise) shall be governed by
and construed in accordance with English Law and the exclusive jurisdiction of
the English Courts.