1.1 The Arranger means the Company (A&A Ventures Group Ltd T/A Andrew & Ashford 20-22, Wenlock Road, London, England, N1 7GU
1174288) and all the persons who assist with the arrangement of the service:
1.1.1 The Client means all those persons who own the Company, who shall be liable jointly and severally to pay the fees outlined within the signed proposal agreement even if they are not all named individually on this agreement or sign this agreement;
1.1.2 This terms of services sets out the terms and conditions between the Client and the Arranger ;
1.1.3 Any additional terms or variation to these terms will only be accepted in the event a separate letter from the Arranger addressed to the Client and signed by a Director of the Arranger is present.
2. FEES AND COMMISSIONS AND CHARGES
2.1 The Company will be offered for options for referred business services at an arrangement and administration price which can be amended at anytime. The initial arrangement and administration outlined in the proposal does not represent a valuation and any price agreed is subject to contract and due diligence by a final provider of the business service.
2.2 The Fee outlined in the proposal is payable to the Arranger by the Client and will be calculated as a percentage, the percentage will be based on the total value of the business service price. For the avoidance of doubt the fee will be payable in line with schedule outlined in the proposal.
2.3 All fees are subject to VAT at the prevailing rate unless expressly stated to the contrary.
2.4 The Arranger reserves the right to charge interest on overdue commission and fees (both before and after judgment) at the rate of 8% [eight percent] above the Bank of England base rate as varied from time to time.
2.5 In the event that the commission is not paid within 14 days of completion taking place or any subsequent deferred payment then the Arranger reserves the right to charge a late payment fee of 5% of the gross invoice value this will be in addition to any interest as per clause 2.5.
2.6 In the event that the fees are settled in any other currency other than GBP any currency conversion fees will be reimbursed by the Client.
3. ARRANGEMENT FEES EXPENSES
3.1 Responsibility for arrangement & administration fees and costs were applicable (e.g. special advertising/application presentation, brochures and administration) and other expenses will always be pre-agreed with the Client with a statement of costs given and confirmed in writing. Were it is agreed that the Client will pay for these additional costs and expenses they will be payable within 7 days of a request for payment. Any of these arrangements & administration fees charged to the client are non refundable in the event that the business service is not taken up by the client.
3.2 In the event that either the Client or the Arranger withdraws their Company from the market and terminates the agreed proposal, a Withdrawal Charge will be made to the Client by the Arranger as a contribution towards administration and marketing expenses incurred by the Arranger . The charge is outlined above, and will be payable within 14 days of the date of termination.
3.3 Where an upfront marketing fee is charged this will be a contribution to the arrangement & administration fees and is payable upon the date of the signed proposal agreement. This fee is non-refundable in the event that the company does move forward with the provided business services presented..
3.4 The arrangement & administration fee is to be paid by either cheque or credit/debit card. In the event you choose to pay by credit/debit card, you authorise us to take payment from your card over the telephone.
3.5 Marketing can not commence until payment of the Upfront Marketing Fee has been made.
4. TERM AND TERMINATION
4.1 In circumstances were the Arranger has agreed with the Client a specified term for the duration of the agreement between them, or has been confirmed by the Arranger in writing, that agreement will continue at the end of the agreed period until/unless cancelled by either party in writing by providing 28 days written notice upon expiry of the period set out.
6. DUAL FEE LIABILITY
6.1 The Client may be liable to pay more than one Arranger Fee in the event that:
6.1.1 Another Arranger had previously been instructed to sell the same business services, joint sole agency, or sole selling rights basis; or
6.1.2 Another Arranger is instructed during or after the period of an agreed sole agency, joint sole agency or sole selling rights basis with the Arranger.
7. OTHER SERVICES
7.1 In addition to the sale of the Business/Company, the Arranger offers a wide range of related services which may be offered to the Client at the date of this agreement or throughout its duration and/or to prospective buyers and from which the Arranger may receive fee income and commission.
7.2 In the event that the Client wishes to engage other services at the date of this agreement, these will be outlined separately. In the event that other services are not engaged at the date of this agreement they may be offered and taken up by the Client in the future.
By signing any proposal or making any payment for arrangement and administration of a business services you are signing for and on behalf of all legal owners and will be bound by the terms and conditions set out above.