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General Terms

Article 1

The general terms and conditions are applicable to all assignments, which the clients, to be referred to hereinafter as “the principals” provide Rep Law N.V., or the partners, or their managing directors, or the employees of Rep Law N.V.

Article 2

All assignments are deemed to have been exclusively given to and accepted by Rep Law N.V.. In deviation from section 7:404, 7:407, second paragraph and 7:409 of the Civil Code, the partners, their managing directors as well as the persons employed by Rep Law N.V. are not severally bound nor liable and the assignments shall not be terminated through their death, regardless of the fact, whether the commission was given with one particular person in mind.

Article 3

Any liability for Rep Law N.V. is limited to the amount to which the current professional liability insurance policy entitles, increased by the deductable risk under such insurance.

Article 4

In the framework of executing the assignments Rep Law N.V. is authorized to engage third parties, at the selection of whom the utmost care will be observed. Each and any liability for errors and omissions committed by these third parties is excluded.

Article 5

Rep Law N.V. shall see to it that the moneys in its custody, received from and belonging to third parties, will be deposited in a separate bank account in the name of Third Party Account Rep Law N.V., attorneys-at-law. The rightful claimants to these funds shall not be entitled to any interest payment on such funds, whereas Rep Law N.V. reserves its rights to compensate any outstanding invoices with moneys of principals in its custody.

Article 6

The legal fees to be charged to the principal are based on rates and tariffs per hour unless otherwise agreed, which depend on the experience, the specific knowledge of the attorney and shall be co-determined by the duration of the legal procedure and the outcome of the action, or the assignment, as the case may be. A break down of the hours spent by Rep Law N.V. in the execution of the assignment will be provided at first request from the principal.

Article 7

Rep Law N.V. is entitled to bill the principal the legal fees, increased by seven percent administrative charges to cover the expenditure on postage, telephone, telefax, computers, copiers and further costs incurred by the office. The aforementioned is without detriment to the right of Rep Law N.V. to make a one-time billing to the principal for initiating a file.

Article 8

These general terms and conditions have been stipulated also in view of the interests of the partners, as well as the managing directors, the (indirect) shareholders of the partners and all the persons employed by Rep Law N.V.

Article 9

The legal relationship between Rep Law N.V. and the principal, will be governed only and exclusively by Aruba law. Disputes shall only be submitted to the Court of First Instance of Aruba, unless Rep Law N.V. should wish to approach another court, for reasons at its discretion.

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