Common use of Fees in lieu of Notice Clause in Contracts

Fees in lieu of Notice. In circumstances where the Parents have not given Written Notice prior to 1st May, Fees in lieu of notice means a sum equivalent to one term’s Fees in full at the rate applicable for the next Academic Year following Withdrawal and not limited to the parental contribution in the case of a scholarship, exhibition, bursary or other award or concession. This amount represents a genuine pre- estimate of the School's loss in these circumstances, while the actual loss to the School will be much greater. This penalty is necessary to promote stability and the School's ability to plan its staffing and other resources.

Fees in lieu of Notice. In in circumstances where the Parents have not given a month’s Written Notice prior to 1st MayNotice, Fees in lieu of notice Notice means a sum equivalent to one term’s Fees in full at the rate applicable for the next Academic Year month following Withdrawal and not limited to the parental contribution in the case of a scholarship, exhibition, bursary or other any award or concession. This amount represents a genuine pre- estimate The requirement to pay one month’s Fees in lieu of Notice is necessary for the School's loss in these circumstances, while the actual loss to the School will be much greater. This penalty is necessary to promote legitimate interests of stability and the School's ability to properly plan its staffing and other resources.