These Terms and Conditions (“Terms”) form a legally binding contract (“Service contract”) between you (“the Client”) and TechIuris OÜ (“the Firm”), a private limited company established under the laws of the Republic of Estonia, having its registered address at Juhkentali tn 8, 10132 Tallinn, Estonia, and registered in the Estonian Commercial Register under the code 14959657.
1. General provisions
1.1. The Firm shall provide the Client with legal, compliance and corporate services (the “Services”).
1.2. In performing the Service contract, in applying his or her experience and in finding solutions, each representative of the Firm shall be guided by the objective to ensure the maximum legal protection of the Client’s interests and shall be guided by law and professional ethics.
1.3. The Firm shall ensure the quality of the legal service provided to the Client. It shall be liable for the direct patrimonial damage caused to the Client through intent or gross negligence during the performance of the Service contract.
1.5. The Firm shall apply due diligence measures with regard to the Client, its representatives, actual beneficiaries, transactions and business partners to the extent established in the Money Laundering and Terrorist Financing Prevention Act.
2. Fees and costs
2.1. The principles for calculation and the amount of the fees for legal services are indicated in the correspondence with the Client, either as an hourly fee, a fixed fee (so-called assignment fee) or a combination of the assignment fee and the performance fee.
2.2. The agreed hourly rate shall be valid for one (1) year, after that the parties shall, in good faith, agree upon a new hourly rate.
2.3. The Firm shall keep account of the time spent on the performance of the Client’s assignment.
2.4. The Client shall reimburse the Firm for the justified and necessary expenses relating to the performance of the assignment.
2.5. As a rule, the Firm shall submit the invoice for the legal services provided and the expenses incurred during the previous month at the beginning of the next month. The maturity of the invoice is five days unless otherwise agreed by the parties. At the request of the Client, the Firm shall supplement the invoice with a report on provided legal services.
2.6. In the event of delay in payment, the Firm is entitled to demand payment of fine for delay of 0.25% of the unpaid amount for each delayed day, to discontinue performance of the obligations assumed.
3.1. The confidentiality of the communication with the Client at the place of business of the Firm is ensured, and the Firm shall maintain the confidentiality of the fact of applying for services, the content of the assistance and the amount of the fees.
3.2. The confidentiality obligation shall not be limited in time and shall apply to all the employees of the Firm. The Firm shall duly observe the requirements of the professional ethics of attorneys.
3.3. The confidentiality obligation shall not extend to the Firm only in the event of a direct obligation arising from the law (including the Money Laundering and Terrorist Financing Prevention Act) to disclose information, or if the consent to disclose the information arises from any authorisation or assignment of the Client.
3.4. The Firm shall make reasonable efforts to ensure the confidentiality of any communication performed by means of electronic devices. Still, the Client is aware that it is impossible to guarantee full confidentiality in case of such communication.
4. Documents and other information
4.1. The Firm has no obligation to verify the accuracy of information received from the Client.
4.2. The Firm shall, during the performance of the assignment, maintain all documents related to the performance of the assignment that are received from the Client or third parties.
4.3. The Firm is entitled not to maintain documents in paper form if there is an electronic copy thereof (except for original documents).
4.4. The Firm is entitled to withhold the documents of the Client until the fees are paid, and the costs related to the provision of service have been reimbursed.
4.5. After the termination of the assignment, the Firm shall keep the documents received for six (6) months, unless agreed otherwise.
5. Validity and termination
5.1. The Firm is entitled to amend these present General Terms and Conditions at any time by informing thereof on its homepage.
5.2. The Client may terminate the contract with the Firm at any time by informing the Firm thereof.
5.3. The Firm may waive the obligations assumed or terminate the contract, including without disclosing the reasons therefor, if: a) there occurs a conflict of interest; or b) the Client has submitted a request, the fulfilment of which requires the Firm to violate the law or the requirements of ethics; or c) the Client has violated a material provision of the contract; or d) the Client fails to submit information or documents that are necessary for the Firm for the application of the due diligence measures; or e) at any time during the provision of legal services, there occurs a circumstance that suggests that the person, act or business relationship is connected with money laundering or financing of terrorism, or that the Client, its representative or its actual beneficiary is subject to a sanction, or if so required by the supervisory authority related to the prevention of money laundering and terrorism financing.
5.5. The national laws of Estonia shall govern the legal relationship arising from this contract. The parties shall attempt to settle any disputes by means of negotiations. If the parties fail to reach an agreement, the disputes shall be resolved at Harju County Court.