Terms of Business

3.1
SØNDERBY LEGAL determines the fee based on the scope of the work, including work outside normal working hours, the interest the case represents for the client, the value of SØNDERBY LEGAL’s services, the responsibility associated with the assignment, the complexity of the case, the degree of specialist knowledge and the result achieved. We may ask the client to pay a deposit for our fee.

3.2
Assignment-related costs and expenses, including fees, reasonable travel and accommodation expenses, catering, major copying and shipping expenses, and external transmission expenses, are paid by the client in addition to fees.

3.2.2
In connection with the completion of property transactions, assistance to the other party to the transaction will be charged to the client if the other party has not established a digital signature and we must therefore obtain a registration power of attorney, etc.

3.3
In connection with the commencement of an assignment, the client will, upon request, be informed of the size of the fee, if possible based on the nature of the assignment. If the fee cannot be disclosed, the way in which the fee is calculated, e.g. the hourly rates used, will be disclosed. In consumer relations, the client is given information about the fee before the work begins.

3.4
SØNDERBY LEGAL normally invoices quarterly in arrears. However, prepayment of larger, external costs is generally required.

3.5
The terms of payment are net 8 days from the invoice date. In case of late payment, interest will be calculated in accordance with the provisions of the Danish Interest Act. The invoice amount must be paid regardless of local taxes in the client’s country of domicile.

3.6
All client funds entrusted to SØNDERBY LEGAL are managed in accordance with the Danish Bar and Law Society’s rules and are deposited in client accounts with Sparekassen Kronjylland, Tronholmen 1, 8960 Randers SØ. Accrued interest accrues to the client in accordance with the Danish Bar and Law Society’s rules, while negative interest is debited to the client in connection with the settlement of the case. All interest is credited or debited at the same rate as credited to or charged to SØNDERBY LEGAL.

In the event of a bank’s bankruptcy, depositors are covered in accordance with the Act on a Guarantee Scheme for Depositors and Investors. The Guarantee Fund covers an eligible depositor’s funds up to an amount equivalent to EUR 100,000 (approximately DKK 750,000). The coverage ceiling applies to the total deposit in the bank, even if the money is in different accounts, including both client bank accounts and own accounts.

Special rules apply to deposits relating to real estate if the real estate has been used for or is intended for mainly non-commercial purposes. Here, amounts up to EUR 10 million are covered for up to 12 months after the amount was deposited, and regardless of whether the deposit is in a separate account. Further information about the guarantee scheme can be found on the Guarantee Fund’s website www.gii.dk.