Common use of Our Service Fee Clause in Contracts

Our Service Fee. a. We will charge You a Fee of 46.8% of the Compensation award inc. VAT (charged only on the Fee, not the whole award, at the prevailing statutory rate) once the offer has been agreed and accepted. For example, for a pay out of £1,000.00, We would charge a Fee of £390.00 plus VAT (currently 20%) of £78.00 for a total Fee of £468.00. You would receive £532.00. b. If We are not successful in obtaining Compensation then You owe Xxxxxxxxx nothing except where this Agreement is cancelled in accordance with clause 6. c. In the event of You being in a Debt Management Plan (DMP) and an award of Compensation is gained You will still be liable for Our charge- you should consider carefully if You wish to pursue a Claim if You are in a DMP. Our fee would still be payable in the event of any Compensation awarded being d. If You are in an Individual Voluntary Arrangement (“IVA”), Your Compensation may be paid to the Insolvency Practitioner who is supervising Your IVA. In this case, Xxxxxxxxx will submit Our Fee invoice to the Insolvency Practitioner for payment out of Your Compensation at a rate of 45% inc VAT. If You are in e. Our Standard payment terms are that: (i) We will invoice You for the Fee(s) which will become immediately payable by You to Xxxxxxxxx from the date Your Compensation is awarded. (ii) Our Fee(s) become due at the point that either Xxxxxxxxx or You are informed of an offer of Compensation and payable from the date Your Compensation is awarded. If the Company offers or pays Compensation to You directly, You agree to notify Xxxxxxxxx immediately (and within 7 days at the latest) and to provide the details Xxxxxxxxx needs to calculate Your Fee(s). For the avoidance of doubt, should You reject a reasonable offer of Compensation and/or refuse to sign a Company's Acceptance/Settlement Form, Your Fee(s) remain due and payable on the sum offered. (iii) We reserve the right to charge for costs and expenses incurred in recovering unpaid Fees and VAT where an offer of Compensation is made from a Company to You. f. For all successful Claim(s), a minimum Success Fee of £30 (including VAT) at the prevailing statutory rate will be charged. g. Any Compensation awarded by the Company relating to Your accounts whether or not they are identified in the Claim(s) shall be subject to Our Fee(s). h. We may set-off any Fee or other amount that You owe Us under any agreement between You and Us against any liability that We have to make payment to You. If We do this, Our other rights and remedies under this Agreement will not be affected. (i) This Agreement shall continue to operate until all Claims where a Fee(s) is payable have been settled.

Appears in 2 contracts

Samples: Terms of Engagement, Terms of Engagement

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Our Service Fee. a. We will charge You a Success Fee of 46.8% of as outlined in the Compensation award inc. VAT (charged only on the Fee, not the whole award, at the prevailing statutory rate) table below once the an offer has been agreed and accepted. For example, for a pay out Redress Band Redress Value (£) % Rate of £1,000.00, We would charge a Success Fee (excluding VAT) % Rate of £390.00 plus Success Fee (including VAT) Max Total Fee with VAT (currently 20%£) of Max Total Fee without VAT (£78.00 for a total Fee of £468.00. You would receive £532.00.) b. If We are not successful in obtaining Compensation then You owe Xxxxxxxxx nothing except where this Agreement is cancelled in accordance with clause 6. c. In the event of You being in a Debt Management Plan (DMP) and an award of Compensation is gained You will still be liable for Our charge- you should consider carefully if You wish to pursue a Claim if You are in a DMP. Our fee would still be payable in the event of any Compensation awarded beingbeing deducted from Your balance. d. If You are in an Individual Voluntary Arrangement (“IVA”), Your Compensation may be paid to the Insolvency Practitioner who is supervising Your IVA. In this case, Xxxxxxxxx We will submit Our Fee invoice to the Insolvency Practitioner for payment out of Your Compensation at a rate of 45% inc VATthe rates outlined in the table in clause 5.a. If You are inin an Individual Voluntary Arrangement and Compensation is offset against Your arrears at source by the Company We reserve the right to waive Our Fee(s). In all other circumstances where You receive any Compensation directly, You agree to pay Our Fee(s) in accordance with this Agreement. e. Our Standard payment terms are that: (i) We will invoice You for the Fee(s) which will become immediately payable by You to Xxxxxxxxx from the date Your Compensation is awarded. (ii) Our Fee(s) become due at the point that either Xxxxxxxxx or You are informed of an offer of Compensation and payable from the date Your Compensation is awarded. If the Company offers or pays Compensation to You directly, You agree to notify Xxxxxxxxx immediately (and within 7 days at the latest) and to provide the details Xxxxxxxxx Drummonds needs to calculate Your Fee(s). For the avoidance of doubt, should You reject a reasonable offer of Compensation and/or refuse to sign a Company's Acceptance/Settlement Form, Your Fee(s) remain due and payable on the sum offered. (iii) We reserve the right to charge for costs and expenses incurred in recovering unpaid Fees and VAT where an offer of Compensation is made from a Company to You. f. For all successful Claim(s), a minimum Success Fee of £30 (including VAT) VAT at the prevailing statutory rate will be charged. g. Any Compensation awarded by the Company relating to Your accounts whether or not they are identified in the Claim(s) shall be subject to Our Fee(s). h. We may set-off any Fee or other amount that You owe Us under any agreement between You and Us against any liability that We have to make payment to You. If We do this, Our other rights and remedies under this Agreement will not be affected. (i) This Agreement shall continue to operate until all Claims where a Fee(s) is payable have been settled.

Appears in 1 contract

Samples: Terms of Engagement

Our Service Fee. a. We will charge You a Fee of 46.843.2% of the Compensation award inc. VAT (charged only on the Fee, not the whole award, at the prevailing statutory rate) once the offer has been agreed and accepted. For example, for a pay out of £1,000.00, We would charge a Fee of £390.00 360.00 plus VAT (currently 20%) of £78.00 for a total Fee of £468.00. You would receive £532.00.currently b. If We are not successful in obtaining Compensation then You owe Xxxxxxxxx nothing except where this Agreement is cancelled in accordance with clause 6. c. In the event of You being in a Debt Management Plan (DMP) and an award of Compensation is gained You will still be liable for Our charge- you should consider carefully if You wish to pursue a Claim if You are in a DMP. Our fee would still be payable in the event of any Compensation awarded beingbeing deducted from Your balance. d. If You are in an Individual Voluntary Arrangement (“IVA”), Your Compensation may be paid to the Insolvency Practitioner who is supervising Your IVA. In this case, Xxxxxxxxx We will submit Our Fee invoice to the Insolvency Practitioner for payment out of Your Compensation at a rate of 4536% inc plus VAT. If You are inin an Individual Voluntary Arrangement and Compensation is offset against Your arrears at source by the Company We reserve the right to waive Our Fee(s). In all other circumstances where You receive any Compensation directly, You agree to pay Our Fee(s) in accordance with this Agreement. e. Our Standard payment terms are that: (i) We will invoice You for the Fee(s) which will become immediately payable by You to Xxxxxxxxx from the date Your Compensation is awarded. (ii) Our Fee(s) become due at the point that either Xxxxxxxxx or You are informed of an offer of Compensation and payable from the date Your Compensation is awarded. If the Company offers or pays Compensation to You directly, You agree to notify Xxxxxxxxx immediately (and within 7 days at the latest) and to provide the details Xxxxxxxxx needs to calculate Your Fee(s). For the avoidance of doubt, should You reject a reasonable offer of Compensation and/or refuse to sign a Company's Acceptance/Settlement Form, Your Fee(s) remain due and payable on the sum offered. (iii) We reserve the right to charge for costs and expenses incurred in recovering unpaid Fees and VAT where an offer of Compensation is made from a Company to You. f. For all successful Claim(s), a minimum Success Fee of £30 (including VAT) VAT at the prevailing statutory rate will be charged. g. Any Compensation awarded by the Company relating to Your accounts whether or not they are identified in the Claim(s) shall be subject to Our Fee(s). h. We may set-off any Fee or other amount that You owe Us under any agreement between You and Us against any liability that We have to make payment to You. If We do this, Our other rights and remedies under this Agreement will not be affected. (i) This Agreement shall continue to operate until all Claims where a Fee(s) is payable have been settled.

Appears in 1 contract

Samples: Terms of Engagement

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Our Service Fee. a. We will charge You a Success Fee of 46.8% of as outlined in the Compensation award inc. VAT (charged only on the Fee, not the whole award, at the prevailing statutory rate) table below once the an offer has been agreed and accepted. For example, for a pay out Redress Band Redress Value (£) % Rate of £1,000.00, We would charge a Success Fee (excluding VAT) % Rate of £390.00 plus Success Fee (including VAT) Max Total Fee with VAT (currently 20%£) of Max Total Fee without VAT (£78.00 for a total Fee of £468.00. You would receive £532.00.) b. If We are not successful in obtaining Compensation then You owe Xxxxxxxxx nothing except where this Agreement is cancelled in accordance with clause 6. c. In the event of You being in a Debt Management Plan (DMP) and an award of Compensation is gained You will still be liable for Our charge- you should consider carefully if You wish to pursue a Claim if You are in a DMP. Our fee would still be payable in the event of any Compensation awarded being d. If You are in an Individual Voluntary Arrangement (“IVA”), Your Compensation may be paid to the Insolvency Practitioner who is supervising Your IVA. In this case, Xxxxxxxxx will submit Our Fee invoice to the Insolvency Practitioner for payment out of Your Compensation at a rate of 45% inc VATthe rates outlined in the table in clause 5a. If You are inin an Individual Voluntary Arrangement and Compensation is offset against Your arrears at source by the Company We reserve the right to waive Our Fee(s). In all other circumstances where You receive any Compensation directly, You agree to pay Our Fee(s) in accordance with this Agreement. e. Our Standard payment terms are that: (i) We will invoice You for the Fee(s) which will become immediately payable by You to Xxxxxxxxx from the date Your Compensation is awarded. (ii) Our Fee(s) become due at the point that either Xxxxxxxxx or You are informed of an offer of Compensation and payable from the date Your Compensation is awarded. If the Company offers or pays Compensation to You directly, You agree to notify Xxxxxxxxx immediately (and within 7 days at the latest) and to provide the details Xxxxxxxxx needs to calculate Your Fee(s). For the avoidance of doubt, should You reject a reasonable offer of Compensation and/or refuse to sign a Company's Acceptance/Settlement Form, Your Fee(s) remain due and payable on the sum offered. (iii) We reserve the right to charge for costs and expenses incurred in recovering unpaid Fees and VAT where an offer of Compensation is made from a Company to You. f. For all successful Claim(s), a minimum Success Fee of £30 (including VAT) at the prevailing statutory rate will be charged. g. Any Compensation awarded by the Company relating to Your accounts whether or not they are identified in the Claim(s) shall be subject to Our Fee(s). h. We may set-off any Fee or other amount that You owe Us under any agreement between You and Us against any liability that We have to make payment to You. If We do this, Our other rights and remedies under this Agreement will not be affected. (i) This Agreement shall continue to operate until all Claims where a Fee(s) is payable have been settled.

Appears in 1 contract

Samples: Terms of Engagement

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