Policy and Conditions
Konsilia advocates a clear price policy reflecting the value of our professional services. We abide by the Rules and regulations of the Spanish “Colegio de Abogados”.
Fees and invoicing
As a general rule we agree fees in advance for specific services. In the case of a dispute regarding our professional fees, these will be calculated on the basis of time spent. The hourly fee is determined based upon seniority, qualification and expertise
Payment of fees is due in advance according to the agreed payment period, i.e. monthly, quarterly or annually. In any case, payment is due 30 days after the invoice date. Konsilia reserves the right to apply a 5% late payment charge and legal interest after this date.
Services excluded from the retainer as agreed in the Engagement Letter.
There are other services, which Konsilia could render and due to their extraordinary nature, cannot be covered by this retainer. Konsilia will bill for those services separately.
Therefore, the services covered in this engagement letter, do not include tax advisory services, review of previous years accounting or tax matters, tax inspections, communications in writing and discussions of any sort with the Tax Administration (AEAT) employment disputes, shareholder agreements appeals to the Administration or Courts, preparation of Personal Income Tax returns and other matters of an extraordinary nature (such as corporate reorganisations, due diligence, mergers and companies divisions, Industrial Property, tax planning, international tax advice, legal advice and legal representation by Counsel at Court and Arbitration), which, and unless agreed otherwise, will be invoiced separately in accordance with our terms.
Expenses/Disbursements
Specific expenses incurred will be invoiced separately if applicable.
Confidentiality
The information in any report, memorandum, document or contract model provided by Konsilia is classified as private and confidential and it is intended solely and exclusively for the attention and use of the client addressed in this engagement letter. Therefore, any contents or recommendations provided by Konsilia, its partners, associates and staff during the course of this engagement will be legally privileged and constitute the intellectual property of Konsilia. Any dissemination, distribution, publication or copy of these materials is prohibited without written consent of Konsilia.
Law and Jurisdiction
Spanish Law will rule any dispute on our professional relationship with express submission of the parties to the Courts of the city of Jerez de la Frontera, Cadiz. Nevertheless, the parties, by mutual consent, can submit any disagreement between them derived from the interpretation and execution of the agreement to the “Colegio de Abogados de Jerez de la Frontera”.
Data Protection
Konsilia Tax Legal, S.L.P., has taken the necessary steps to guarantee the security of this data according to the Royal Decree 994/1999, of the 11th June. You may exercise your rights to access, cancel, rectify or object your details by means of a letter addressed to: KONSILIA: Edificio Seritium, Calle Sevilla nº 42 1ºk, Jerez de la Frontera, (Cadiz) Spain.
Prevention of Money Laundering – Spanish Act 10/2010, 28th April
Money Laundering is the participation in any transaction that seeks to conceal or disguise the nature or origin of funds derived from illegal activities. All the Spanish Banks, Financial Institutions, Auditors and Law firms are now required to comply with the ‘Know your Customer’ (KYC) regulations as the most effective means of preventing the use of the financial and legal system for money laundering.
The KYC rules require having a comprehensive file of our clients, identifying and verifying the information received, all transactions properly documented and ultimate beneficiaries of corporate structures identified.
Termination of Instructions
You may terminate this engagement, by giving three months notice in writing and by addressing your letter to our Jerez office. For example, you may decide you cannot give us clear or proper instructions on how to proceed, or you may lose confidence in our work.
We reserve the right to stop acting for you due to any professional reason or conflict of interest, and if practicable, on giving you reasonable notice of such intention. Our charges will remain due as outlined above or as stated in any separate correspondence, whomsoever decides to terminate this contract.
