Our Terms Of Business
These terms are subject to any specific terms as set out in our engagement letter to you.
The services which we are to provide for you are outlined in our engagement letter.
The fees which we will charge or the manner in which they will be arrived at are set out in our engagement letter.
We may request a deposit of funds to our account on account of costs to be incurred. We may choose not to commence or continue any work on your behalf until such funds are received and/or an appropriate level of deposit is maintained as your matter progresses.
We will bill all work on completion. For some matters, we may send you interim bills at intervals of not less than twice a month.
Accounts (including interim accounts) are payable within the period set out in the engagement letter and if no date is set out then payment must be made by the 20th of the month following the account. (We accept cash, Eftpos, cheques, Visa and Mastercard and Internet banking). You authorise us to pay any Edmonds Judd account from funds which we may hold on your behalf provided that we provide that account to you.
We may be required to outlay funds on your behalf – for example, court filing fees, land registration charges and fees for other professional advisers such as valuers (we call these “disbursements”). We may ask you to pay these in advance and may choose not to incur the expense until you provide us with the funds or meet those payments directly.
If you instruct us to act on behalf of someone else or on behalf of an organisation in which you are involved, you accept personal responsibility for the payment of our account. By instructing us you will remain personally liable for any debts to us in respect of any trusts or companies with which you are involved
If your account with us is overdue, we reserve the right –
- to not to carry out any further work for you until all overdue accounts are paid;
- to charge you interest on any overdue amount at 2% per month, compounding on the first day of each month after the date the account falls due; and
- to charge you the cost of recovery or any cost incurred in attempting to recover the
overdue account, including our time at our usual charge-out rates
You may ask us to stop work on any matter at any time. If you do this, you will still have to pay us for any work which we have done for you. We will transfer your file to another lawyer on request, provided that you have paid everything you owe us
We will maintain records of the work we carry out on your behalf. We dispose of such records upon the expiration of the periods recommended by the New Zealand Law Society for their retention
All records belong to you and we are holding them on your behalf. We will charge a record maintenance fee for that storage. You are entitled to uplift those records at any time
Some disbursements may be paid to Redoubt Services Partnership, in which the partners of Edmonds Judd have a financial interest
We will charge a commission on all funds placed on deposit through our trust account
An account may be forwarded to you to cover disbursements as they are incurred
Unless we specifically agree with you in writing, we will not provide you with advice relating to the quality of any investment or the financial widsom of entering into an investment, purchase or sale of any asset or the commercial terms of financing. If you require such advice it is necessary for you to engage an investment advisor or other professional.
By instructing us to act for you, you agree to these terms. If you have any queries, do not hesitate to contact the lawyer that you normally deal with or our Firm’s Manager.
We look forward to working with you.
(23 November 2019)