Document:

amrn-ex101_334.htm

 

Exhibit 10.1

 

 

	
 
	
 

	

	
Office Service Agreement

	
 
	
 

 

				
	
Agreement Date (dd/mm/yy):
	
30/03/2021
	
Reference No.:
	
11947229

 

				
	
Business Centre Address:
	
 
	
Client Address (Not a Business Centre Address):

	
FRANKFURT, SIGNATURE THE SQUAIRE Business Center
	
 
	
Company Name: 
	
Amarin Germany GmbH

	
Am Flughafen
	
 
	
Contact Name:
	
Tom Maher

	
Frankfurt
	
 
	
Address: 
	
Maximilianstr. 54

	
Hessen 60549
	
 
	
Address:
	
Munchen, Germany

	
Germany
	
 
	
Phone & Email:
	
Thomas.zuther@amarincorp.eu

 

				
	
Office Payment Details (excluding tax/GST and excluding services)

	
Office Number
	
No. of People
	
Monthly Office Fee
	
Currency

	
614
	
1
	
€1,619.00
	
€

	
617
	
1
	
€1,619.00
	
€

	
618
	
1
	
€1,619.00
	
€

	
619
	
2
	
€2,689.00
	
€

	
 
	
 
	
 
	
 

	
Total per Month
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Initial Payment
	
First Month’s Fee
	
€0.00

	
 
	
Service Retainer
	
 
	
€15,092

	
 
	
Total Initial Payment
	
 
	
€15,092

	
 
	
 
	
 
	
 

	
Monthly Payment
	
Total Monthly Payment Thereafter
	
€7,546

 

					
	
Service Provision
	
Start Date
	
01/04/2021
	
End Date*
	
30/06/2022

 

*   All agreements end on the last calendar day of the month. 

Comments: 

	
	
An Activation fee [______€0.00_____] per occupant will be payable, (a one time, per occupant fee for Office and Coworking (dedicated desk) customers that covers all aspects of customer onboarding, administration and set-up.)

Client taking BACK TO WORK Promotion offer of the first two months (April 2021 & May 2021) as free months

 

We are Frankfurt The Squaire BC GmbH.

This Agreement incorporates our terms of business set out on attached Terms and Conditions, attached House Rules and Service Price Guide (where available) which you confirm you have read and understood. We both agree to comply with those terms and our obligations as set out in them. This agreement is binding from the agreement date and may not be terminated once it is made, except in accordance with its terms. Note that the Agreement does not come to an end automatically. See “Automatic Renewal” section in the terms and conditions for the notice terms if you wish to end your agreement.

 

					
	
Name (Printed):
	
Tom Maher
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
Title (Printed):
	
Managing Director
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
Date:
	
31/3/2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
SIGNED on your behalf (Client)

 
	
 
	
 

 

 

					
	
 
	
/s/ Tom Maher
	
 
	
 
	
 

 

Regus supplies services to you that are subject to VAT at the standard rate in force at the time of delivery of the services to you. By ticking the following “Yes”-box, you confirm that you are entitled to recover 95% or more of the VAT charged on the services. 

 

 Yes         No

 

/s/ Tom Maher    31/3/2021

Date, Signature

If you have ticked the “No”-box, please refer to the Section below:

If the services supplied by Regus to the customer are at any time according to law found to be exempt from VAT then Regus will credit the VAT charged to the customer. However, the Charges for the services to the customer will be retroactively Increased for the previous term of the Agreement by an amount equal to the VAT amount that has to be credited to the customer. The credits and the increases in the charges will in each case be offset. From the point at which the services supplied by Regus are found to be exempt, the charges for the services will be increased by the standard VAT rate percentage in force at the time of delivery of the services to the customer. However, the parties are aware of the fact that such an increase will not represent a VAT charge but will be an increase in the service charges.

Please sign here to acknowledge that you have read and understood this and that you agree with this.

 

 

Date, Signature

 

 

 

 

These General Terms and Conditions apply to Office/Co-Working, Virtual Office and Membership agreements for services We supply to You. 

1 . General Agreement

	
 
	
1.1.
	
Nature of an agreement: At all times. each Center remains in Our possession and control. YOU ACCEPT THAT AN AGREEMENT CREATES NO TENANCY INTEREST. LEASEHOLD ESTATE OR OTHER REAL PROPERTY INTEREST IN YOUR FAVOR WITH RESPECT TO THE ACCOMMODATION. Occupation by You is the commercial equivalent of an agreement for accommodation in a hotel. We are giving You the right to share the use of the Center with Us and other clients.

	
 
	
1.2.
	
House Rules: The House Rules. which ore incorporated into these terms and conditions, are primarily in place and enforced to ensure that all clients have a professional environment to work in.

	
 
	
1.3.
	
Availability at the start of an agreement: If for any unfortunate reason We cannot provide the services or accommodation in the Center stated in an agreement by the start date, We will have no liability to You for any loss or damage but You may either move to one of Our other Centers {subject to availability). delay the start of the agreement or cancel it.

	
 
	
1.4.
	
AUTOMATIC RENEWAL: SO THAT WE CAN MANAGE YOUR SERVICES EFFECTIVELY AND TO ENSURE SEAMLESS CONTINUITY OF THOSE SERVICES, ALL AGREEMENTS WILL RENEW AUTOMATICALLY FOR SUCCESSIVE PERIODS EQUAL TO THE CURRENT TERM UNTIL BROUGHT TO AN END BY YOU OR US. ALL PERIODS SHALL RUN TO THE LAST DAY OF THE MONTH IN WHICH THEY WOULD OTHERWISE EXPIRE THE FEES ON ANY RENEWAL WILL BE AT THE THEN PREVAILING MARKET RATE (PRICES ARE SET ANNUALLY SO DEPENDING ON WHEN YOUR AGREEMENT IS DUE TO RENEW, THERE MAY BE A CHANGE IN PRICE). IF YOU DO NOT WISH FOR AN AGREEMENT TO RENEW THEN YOU CAN CANCEL IT EASILY WITH EFFECT FROM THE END DATE STATED IN THE AGREEMENT. OR AT THE END OF ANY EXTENSION OR RENEWAL PERIOD. BY GIVING US PRIOR NOTICE. NOTICE MUST BE GIVEN THROUGH YOUR ONLINE ACCOUNT OR THROUGH THE APP. THE NOTICE PERIODS REQUIRED ARE AS FOLLOWS: 

Term                             Notice Period

Month-to-Month     no less than 1 month’s notice from the 1st day of any calendar month

3 months                      no less than 2 months’ notice prior to the end of the term

More than 3 months     no less than 3 months’ notice prior to the end of the term

 

	
 
	
1.5.
	
We may elect not to renew on agreement. If so, We will inform You by email, through the App or Your online account, according to the some notice periods specified above.

	
 
	
1.6.
	
If the Center is no longer available: In the even that We are permanently unable to provide the services and accommodation at the Center stated in an agreement. We will otter You accommodation in one of Our other centers. In the unlikely event we are unable to find an alternative accommodation that is acceptable to You. Your agreement will end and You will only have to pay monthly fees up to that date and for any additional services You have used.

	
 
	
1.7.
	
Ending on agreement immediately: We may put on end to an agreement immediately by giving You notice if (a) You become insolvent or bankrupt; or (b) You breach one of your obligations which cannot be remedied, or which We have given You notice to remedy and which You have failed to remedy within 14 days of that notice: or (c) Your conduct or that of someone at the Center with Your permission or invitation, is incompatible with ordinary office use and, (i) that conduct continues despite You having been given notice. or {iii that conduct is material enough (In Our reasonable opinion) to warrant immediate termination; or (d) You ore in breach of the "Compliance With Law" clause below. If We put on end to an agreement for any of the reasons referred to in this clause. it does not put on end to any of Your financial obligations. including, without limitation. for the remainder of the period for which Your agreement would hove lasted if We had not terminated it.

	
 
	
1.8.
	
When on Office agreement ends: When an agreement ends You must vacate Your accommodation immediately, leaving it in the same state and condition as it was when You took it. Upon Your departure or if You choose to relocate loo different room within a Center, we will charge a fixed office restoration service fee to cover normal cleaning and any costs 

 

 

	
 
		
incurred to return the accommodation to its original condition and state. This fee will differ by country and is fisted in the House Rules. We reserve the right to charge additional reasonable fees for any repairs needed above and beyond normal wear and tear. If You leave any properly in the Center. We may dispose of it at Your cost in any way, We choose without owing You any responsibility for it or any proceeds of sale. If You continue to use the accommodation when an agreement has ended. You are responsible for any loss. claim or liability We may incur as a result of Your failure to vacate on time.

	
 
	
1.9.
	
Transferability: Subject to availability (which shall be determined in Our sole discretion) You may transfer Your agreement to alternative accommodation in the IWG network of Centers provided that Your financial commitment remains the same (or increases) and such transfer is not used to extend or renew an existing agreement. Such a transfer may require entry into a new agreement.

	
2.
	
Use of the Centers:

	
 
	
2.1.
	
Business Operations: You may not carry on a business that competes with Our business of providing serviced offices and flexible working. You may not use Our name (or that of Our affiliates) in any way in connection with Your business. You are only permitted to use the address of a Center as Your registered office address if it is permitted by both low and if We have given You prior written consent (given the administration there is an additional fee chargeable for this service). You must only use the accommodation for office business purposes. If We decide that a request for any particular service is excessive. We reserve the right to charge an additional fee. In order to ensure that the Center provides a great working environment for all, We kindly ask you to limit any excessive visits by members of the public.

	
 
	
2.2.
	
Accommodation:

	
 
	
2.2.1.
	
Alterations or Damage: You are liable for any damage caused by You or those in the Center with Your permission, whether express or implied, including but not limited to all employees, contractors and/or agents.

	
 
	
2.2.2.
	
IT Installations: We take great pride in Out IT infrastructure and its upkeep and, therefore, You must not install any cabling, IT or telecom connections without Our consent, which We may refuse at our absolute discretion. As a condition to Our consent, You must permit Us to oversee any installations (for example, IT or electrical systems) and to verify that such installations do not interfere with the use of the accommodation by other clients or Us or any landlord of the building. Fees for Installation and de-installation will be at Your cost.

	
 
	
2.2.3.
	
Use of the Accommodation: An agreement will list the accommodation We initially allocate for Your use. You will have a non-exclusive right to the rooms allocated to You. Where the accommodation is a Coworking desk, this can only be used by one individual, it cannot be shared amongst multiple individuals. Occasionally to ensure the efficient running of the Center, We may need to allocate different accommodation to You, but it will be of reasonably equivalent size and We will notify You with respect to such different accommodation in advance.

	
 
	
2.2.4.
	
Access to the Accommodation: To maintain a high level of service, We may need to enter Your accommodation and may do so at any time, including and without limitation. In an emergency, for cleaning and inspection or in order to resell the space if You have given notice to terminate. We will always endeavor to respect any of Your reasonable security procedures to protect the confidentiality of Your business.

	
 
	
2.3.
	
Membership:

	
 
	
2.3.1.
	
If You have subscribed to a Membership Agreement, You will have access to all participating centers worldwide during standard business working hours and subject to availability.

	
 
	
2.3.2.
	
Membership usage: Usage is measured in whole days and unused days cannot be carried over to the following month. A membership is not intended to be a replacement for a full-time workspace and oil workspaces must be cleared at the end of each day. You are solely responsible for Your belongings at the center at all times. We are not responsible for any property that is left unattended. Should 

 

 

	
 
		
You use more than Your membership entitlement, We will charge You an additional usage fee. You may bring in 1 guest free of charge (subject to fair usage). Any additional guests will be required to purchase a day pass.

	
 
	
2.3.3.
	
As a Member, You may not use any Center as Your business address without on accompanying office or virtual office agreement in place. Any use of the Center address in such a way will result in on automatic enrollment in the Virtual Office product for the same term as Your membership and You will be invoiced accordingly.

	
 
	
2.4.
	
Compliance with Law: You must comply with all relevant laws and regulations in the conduct of Your business. You must not do anything that may interfere with the use of the Center by Us or by others (including but not limited to political campaigning or immoral activity), cause any nuisance or annoyance, or cause loss or damage to Us (including damage to reputation) or to the owner of any interest in the building. If We have been advised by any government authority or other legislative body that it hos reasonable suspicion that You are conducting criminal activities from the Center, or You ore or will become subject to any government sanctions, then We shall be entitled to terminate any and all of Your agreements with immediate effect. You acknowledge that any breach by You of this clause shall constitute a material default, entitling Us to terminate Your agreement without further notice.

	
 
	
2.5.
	
Ethical Trading: Both We and You shall comply at all times with all relevant anti-slavery, anti-bribery and anti-corruption laws.

	
 
	
2.6.
	
Data Protection:

	
 
	
2.6.1.
	
Each party shall comply with all applicable data protection legislation. The basis on which we will process Your personal data is set out in our privacy policies (available on our website at www.iwgplc.com/clientprivacypolicy .)

	
 
	
2.6.2.
	
You acknowledge and accept that we may collect and process personal data concerning You and/or your personnel in the course of our agreement for services with you. Such personal data will be processed in accordance with our privacy policy. Where you provide this data to us, you will ensure that you have the necessary consents and notices in place to allow for this.

	
 
	
2.7.
	
Employees: We will both have Invested a great deal in training Our staff, therefore. neither of us may knowingly solicit or offer employment to the other's staff employed in the Center (or for 3 months after they have left their employment). To recompense the other for staff training and investment costs, if either of us breaches this clause the breaching party will pay upon demand to the other the equivalent of 6 months' salary of any employee concerned.

	
 
	
2.8.
	
Confidentiality: The terms of on agreement ore confidential. Neither of us may disclose them without the other's consent unless required to do so by law or an official authority. This obligation continues for a period of 3 years after an agreement ends.

	
 
	
2.9.
	
Assignment: An agreement Is personal to You and cannot be transferred to anyone else without prior consent from Us unless such transfer is required by low. However, We will not unreasonably withhold our consent to assignment lo an affiliate provided that You execute our standard form of assignment. We may transfer any agreement and any and all amounts payable by You under an agreement to any other member of Our group.

	
 
	
2.10.
	
Applicable law: An agreement is interpreted and enforced in accordance with the law of the place where the Center is located other than ln a few specific jurisdictions which ore detailed in the House Rules. We and You both accept the exclusive jurisdiction of the courts of that jurisdiction. If any provision of these terms and conditions is held void or unenforceable under the applicable law, the other provisions shall remain in force.

	
3.
	
Our liability to You and Insurance

	
 
	
3.1.
	
The extent of Our liability: To the maximum extent permitted by applicable law. We are not liable to You in respect of any loss or damage You suffer in connection with an agreement, including without limitation any loss or damage arising as a result of our failure to provide a service as a result of mechanical breakdown, strike or other event outside of Our reasonable control otherwise unless We have acted deliberately or have been negligent. In no event shall We be liable for any loss or damage until You provide written notice and give Us a reasonable time to remedy it. If We are liable for failing to provide You with any service under an agreement then, subject to the exclusions and limits set out immediately below, We will 

 

 

	
 
		
pay any actual and the reasonable additional expense You have incurred in obtaining the same or similar service from elsewhere.

	
 
	
3.2.
	
Your Insurance: II is Your responsibility to arrange insurance for property which You bring in to the Center, for any mail You send or receive and for Your own liability to your employees and to third parties. We strongly recommend that You put such insurance in place.

	
 
	
3.3.
	
IT Services and Obligations: Whilst We have security internet protocols in place and strive to provide seamless internet connectivity. WE DO NOT MAKE ANY REPRESENTATION AND CANNOT GUARANTEE ANY MAINTAINED LEVEL OF CONNECTIVITY TO OUR NETWORK OR TO THE INTERNET, NOR THE LEVEL OF SECURITY OF IT INFORMATION AND DATA THAT YOU PLACE ON IT. You should adopt whatever security measures (such as encryption) You believe are appropriate to Your business. Your sole and exclusive remedy in relation to issues of reduced connectivity which ore within Our reasonable control shall be for Us to rectify the issue within a reasonable time following notice from You to Us.

	
 
	
3.4.
	
EXCLUSION OF CONSEQUENTIAL LOSSES: WE WILL NOT IN ANY CIRCUMSTANCES HAVE ANY LIABILITY TO YOU FOR LOSS OF BUSINESS, LOSS OF PROFITS, LOSS OF ANTICIPATED SAVINGS, LOSS OF OR DAMAGE TO DATA, THIRD PARTY CLAIMS OR ANY CONSEQUENTIAL LOSS. WE STRONGLY RECOMMEND THAT YOU INSURE AGAINST ALL SUCH POTENTIAL LOSS, DAMAGE, EXPENSE OR LIABILITY.

	
 
	
3.5.
	
Financial limits to our liability: In all cases, our liability to You is subject to the following limits:

	
 
	
3.5.1.
	
without limit for personal injury or death;

	
 
	
3.5.2.
	
up to a maximum of GBP 1 million (or USO 1.5 million or EUR 1 million or other local equivalent) for any one events or series of connected events for damage to Your personal property; and

	
 
	
3.5.3.
	
in respect of any other loss or damage, up to a maximum equal to 125% of the total fees paid between the date services under an agreement commenced and the date on which the claim in question arises; or if higher, for office agreements only. GBP SO.ODO/ USD 100,000 / EUR 66,000 (or local equivalent).

	
4.
	
Fees

	
 
	
4.1.
	
Service Retainer/Deposit: Your service retainer/ deposit will be held by Us without generating interest as security for performance of all Your obligations under an agreement. All requests for the return must be mode through Your online account or App after which the service retainer/deposit or any balance will be returned within 30 days to You once your agreement has ended and when You have settled Your account. We will deduct any outstanding fees and other costs due to Us before returning the balance to You. We may require You to pay an increased retainer/deposit if the monthly office or virtual office fee increases upon renewal, outstanding fees exceed the service retainer/deposit held and/or You frequently fail to pay invoices when due.

	
 
	
4.2.
	
Taxes and duty charges: You agree to pay promptly (i) all sales, use. excise, consumption and any other taxes and license fees which You are required to pay to any governmental authority (and, at Our request, You will provide to Us evidence of such payment) and (ii) any taxes paid by Us to any governmental authority that are attributable to Your accommodation, where applicable, including. without limitation. any gross receipts. rent and occupancy taxes, tangible personal property taxes, duties or other documentary taxes and fees.

	
 
	
4.3.
	
Payment: We are continually striving to reduce our environmental impact and support You in doing the same. Therefore, We will send all invoices electronically and You will make payments via on automated method such as Direct Debit or Credit Card, wherever local banking systems permit.

	
 
	
4.4.
	
Late payment: If You do not pay fees when due, a fee will be charged on all overdue balances. This fee will differ by country and is listed in the House Rules. If You dispute any part of an invoice, You must pay the amount not in dispute by the due date or be subject to late fees. We also reserve the right to withhold services (including for the avoidance of doubt, denying You access to the Center where applicable) while there are any outstanding fees and/or interest, or You are in breach of an agreement.

	
 
	
4.5.
	
Insufficient Funds: Due to the additional administration We incur. You will pay a fee for any returned or declined payments due to insufficient funds. This fee will differ by country and is 

 

 

	
 
		
listed in the House Rules.

	
 
	
4.6.
	
Activation: An activation fee is payable in respect of each agreement You have with Us (including any new agreements entered into under clause 1.9 above). This fee covers the administrative cost of the client onboarding process and account setup. This fee is set out in each Local Services Agreement and is charged on a per occupant basis for Serviced Office and Coworking (dedicated desk), on a per location basis for Virtual Office and on a per person basis for Membership. Further information is set out in the House Rules.

	
 
	
4.7.
	
Indexation: If an agreement is for a term of more than 12 months, We will increase the monthly fee on each anniversary of the start date in line with the relevant inflation index detailed in the House Rules.

	
 
	
4.8.
	
Standard services: Monthly fees, plus applicable taxes, and any recurring services requested by You are payable monthly in advance. Where a daily rate applies, the charge for any such month will be 30 times the daily fee. For a period of less than one month, the fee will be applied on a daily basis.

	
 
	
4.9.
	
Pay-as-you-use and Additional Variable Services: Fees for pay-as-you-use services, plus applicable taxes, are payable monthly in arrears at our standard rates which may change from time to time and are available on request.

	
 
	
4.10.
	
Discounts, Promotions and Offers: If You benefited from a special discount, promotion or offer, We will discontinue that discount, promotion or offer without notice if You materially breach Your agreement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Terms Feb 2020amrn-ex102_332.htm

 

Exhibit 10.2

 

 

	
 
	
 

	

	
Office Service Agreement

	
 
	
 

 

				
	
Agreement Date (dd/mm/yy):
	
30/03/2021
	
Reference No.:
	
11947313

 

				
	
Business Centre Address:
	
 
	
Client Address (Not a Business Centre Address):

	
FRANKFURT, SIGNATURE THE SQUAIRE Business Center
	
 
	
Company Name: 
	
Amarin Germany GmbH

	
Am Flughafen
	
 
	
Contact Name:
	
Tom Maher

	
Frankfurt
	
 
	
Address: 
	
Maximilianstr. 54

	
Hessen 60549
	
 
	
Address:
	
Munchen, Germany

	
Germany
	
 
	
Phone & Email:
	
Thomas.zuther@amarincorp.eu

 

				
	
Office Payment Details (excluding tax/GST and excluding services)

	
Office Number
	
No. of People
	
Monthly Office Fee
	
Currency

	
610
	
1
	
€1,619.00
	
€

	
611
	
1
	
€1,619.00
	
€

	
612
	
1
	
€1,619.00
	
€

	
613
	
1
	
€1,619.00
	
€

	
 
	
 
	
 
	
 

	
Total per Month
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
Initial Payment
	
First Month’s Fee
	
€0.00

	
 
	
Service Retainer
	
 
	
€12,952

	
 
	
Total Initial Payment
	
 
	
€12,952

	
 
	
 
	
 
	
 

	
Monthly Payment
	
Total Monthly Payment Thereafter
	
€6,476

 

					
	
Service Provision
	
Start Date
	
01/07/2021
	
End Date*
	
30/06/2022

 

*   All agreements end on the last calendar day of the month. 

Comments: 

	
	
An Activation fee [______€0.00_____] per occupant will be payable, (a one time, per occupant fee for Office and Coworking (dedicated desk) customers that covers all aspects of customer onboarding, administration and set-up.)

Client taking BACK TO WORK Promotion offer of the first two months (July 2021 & August 2021) as free months

 

We are Frankfurt The Squaire BC GmbH.

This Agreement incorporates our terms of business set out on attached Terms and Conditions, attached House Rules and Service Price Guide (where available) which you confirm you have read and understood. We both agree to comply with those terms and our obligations as set out in them. This agreement is binding from the agreement date and may not be terminated once it is made, except in accordance with its terms. Note that the Agreement does not come to an end automatically. See “Automatic Renewal” section in the terms and conditions for the notice terms if you wish to end your agreement.

 

					
	
Name (Printed):
	
Tom Maher
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
Title (Printed):
	
Managing Director
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
Date:
	
31/3/2021
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 

	
SIGNED on your behalf

 
	
 
	
 

 

 

					
	
 
	
/s/ Tom Maher
	
 
	
 
	
 

 

Regus supplies services to you that are subject to VAT at the standard rate in force at the time of delivery of the services to you. By ticking the following “Yes”-box, you confirm that you are entitled to recover 95% or more of the VAT charged on the services. 

 

 Yes         No

 

/s/ Tom Maher    31/3/2021

Date, Signature

If you have ticked the “No”-box, please refer to the Section below:

If the services supplied by Regus to the customer are at any time according to law found to be exempt from VAT then Regus will credit the VAT charged to the customer. However, the Charges for the services to the customer will be retroactively Increased for the previous term of the Agreement by an amount equal to the VAT amount that has to be credited to the customer. The credits and the increases in the charges will in each case be offset. From the point at which the services supplied by Regus are found to be exempt, the charges for the services will be increased by the standard VAT rate percentage in force at the time of delivery of the services to the customer. However, the parties are aware of the fact that such an increase will not represent a VAT charge but will be an increase in the service charges.

Please sign here to acknowledge that you have read and understood this and that you agree with this.

 

 

Date, Signature

 

 

 

 

These General Terms and Conditions apply to Office/Co-Working, Virtual Office and Membership agreements for services We supply to You. 

1 . General Agreement

	
 
	
1.1.
	
Nature of an agreement: At all times. each Center remains in Our possession and control. YOU ACCEPT THAT AN AGREEMENT CREATES NO TENANCY INTEREST. LEASEHOLD ESTATE OR OTHER REAL PROPERTY INTEREST IN YOUR FAVOR WITH RESPECT TO THE ACCOMMODATION. Occupation by You is the commercial equivalent of an agreement for accommodation in a hotel. We are giving You the right to share the use of the Center with Us and other clients.

	
 
	
1.2.
	
House Rules: The House Rules. which ore incorporated into these terms and conditions, are primarily in place and enforced to ensure that all clients have a professional environment to work in.

	
 
	
1.3.
	
Availability at the start of an agreement: If for any unfortunate reason We cannot provide the services or accommodation in the Center stated in an agreement by the start date, We will have no liability to You for any loss or damage but You may either move to one of Our other Centers {subject to availability). delay the start of the agreement or cancel it.

	
 
	
1.4.
	
AUTOMATIC RENEWAL: SO THAT WE CAN MANAGE YOUR SERVICES EFFECTIVELY AND TO ENSURE SEAMLESS CONTINUITY OF THOSE SERVICES, ALL AGREEMENTS WILL RENEW AUTOMATICALLY FOR SUCCESSIVE PERIODS EQUAL TO THE CURRENT TERM UNTIL BROUGHT TO AN END BY YOU OR US. ALL PERIODS SHALL RUN TO THE LAST DAY OF THE MONTH IN WHICH THEY WOULD OTHERWISE EXPIRE THE FEES ON ANY RENEWAL WILL BE AT THE THEN PREVAILING MARKET RATE (PRICES ARE SET ANNUALLY SO DEPENDING ON WHEN YOUR AGREEMENT IS DUE TO RENEW, THERE MAY BE A CHANGE IN PRICE). IF YOU DO NOT WISH FOR AN AGREEMENT TO RENEW THEN YOU CAN CANCEL IT EASILY WITH EFFECT FROM THE END DATE STATED IN THE AGREEMENT. OR AT THE END OF ANY EXTENSION OR RENEWAL PERIOD. BY GIVING US PRIOR NOTICE. NOTICE MUST BE GIVEN THROUGH YOUR ONLINE ACCOUNT OR THROUGH THE APP. THE NOTICE PERIODS REQUIRED ARE AS FOLLOWS: 

Term                             Notice Period

Month-to-Month     no less than 1 month’s notice from the 1st day of any calendar month

3 months                      no less than 2 months’ notice prior to the end of the term

More than 3 months     no less than 3 months’ notice prior to the end of the term

 

	
 
	
1.5.
	
We may elect not to renew on agreement. If so, We will inform You by email, through the App or Your online account, according to the some notice periods specified above.

	
 
	
1.6.
	
If the Center is no longer available: In the even that We are permanently unable to provide the services and accommodation at the Center stated in an agreement. We will otter You accommodation in one of Our other centers. In the unlikely event we are unable to find an alternative accommodation that is acceptable to You. Your agreement will end and You will only have to pay monthly fees up to that date and for any additional services You have used.

	
 
	
1.7.
	
Ending on agreement immediately: We may put on end to an agreement immediately by giving You notice if (a) You become insolvent or bankrupt; or (b) You breach one of your obligations which cannot be remedied, or which We have given You notice to remedy and which You have failed to remedy within 14 days of that notice: or (c) Your conduct or that of someone at the Center with Your permission or invitation, is incompatible with ordinary office use and, (i) that conduct continues despite You having been given notice. or {iii that conduct is material enough (In Our reasonable opinion) to warrant immediate termination; or (d) You ore in breach of the "Compliance With Law" clause below. If We put on end to an agreement for any of the reasons referred to in this clause. it does not put on end to any of Your financial obligations. including, without limitation. for the remainder of the period for which Your agreement would have lasted if We had not terminated it.

	
 
	
1.8.
	
When on Office agreement ends: When an agreement ends You must vacate Your accommodation immediately, leaving it in the same state and condition as it was when You took it. Upon Your departure or if You choose to relocate loo different room within a Center, we will charge a fixed office restoration service fee to cover normal cleaning and any costs 

 

 

	
 
		
incurred to return the accommodation to its original condition and state. This fee will differ by country and is fisted in the House Rules. We reserve the right to charge additional reasonable fees for any repairs needed above and beyond normal wear and tear. If You leave any properly in the Center. We may dispose of it at Your cost in any way, We choose without owing You any responsibility for it or any proceeds of sale. If You continue to use the accommodation when an agreement has ended. You are responsible for any loss. claim or liability We may incur as a result of Your failure to vacate on time.

	
 
	
1.9.
	
Transferability: Subject to availability (which shall be determined in Our sole discretion) You may transfer Your agreement to alternative accommodation in the IWG network of Centers provided that Your financial commitment remains the same (or increases) and such transfer is not used to extend or renew an existing agreement. Such a transfer may require entry into a new agreement.

	
2.
	
Use of the Centers:

	
 
	
2.1.
	
Business Operations: You may not carry on a business that competes with Our business of providing serviced offices and flexible working. You may not use Our name (or that of Our affiliates) in any way in connection with Your business. You are only permitted to use the address of a Center as Your registered office address if it is permitted by both low and if We have given You prior written consent (given the administration there is an additional fee chargeable for this service). You must only use the accommodation for office business purposes. If We decide that a request for any particular service is excessive. We reserve the right to charge an additional fee. In order to ensure that the Center provides a great working environment for all, We kindly ask you to limit any excessive visits by members of the public.

	
 
	
2.2.
	
Accommodation:

	
 
	
2.2.1.
	
Alterations or Damage: You are liable for any damage caused by You or those in the Center with Your permission, whether express or implied, including but not limited to all employees, contractors and/or agents.

	
 
	
2.2.2.
	
IT Installations: We take great pride in Out IT infrastructure and its upkeep and, therefore, You must not install any cabling, IT or telecom connections without Our consent, which We may refuse at our absolute discretion. As a condition to Our consent, You must permit Us to oversee any installations (for example, IT or electrical systems) and to verify that such installations do not interfere with the use of the accommodation by other clients or Us or any landlord of the building. Fees for Installation and de-installation will be at Your cost.

	
 
	
2.2.3.
	
Use of the Accommodation: An agreement will list the accommodation We initially allocate for Your use. You will have a non-exclusive right to the rooms allocated to You. Where the accommodation is a Coworking desk, this can only be used by one individual, it cannot be shared amongst multiple individuals. Occasionally to ensure the efficient running of the Center, We may need to allocate different accommodation to You, but it will be of reasonably equivalent size and We will notify You with respect to such different accommodation in advance.

	
 
	
2.2.4.
	
Access to the Accommodation: To maintain a high level of service, We may need to enter Your accommodation and may do so at any time, including and without limitation. In an emergency, for cleaning and inspection or in order to resell the space if You have given notice to terminate. We will always endeavor to respect any of Your reasonable security procedures to protect the confidentiality of Your business.

	
 
	
2.3.
	
Membership:

	
 
	
2.3.1.
	
If You have subscribed to a Membership Agreement, You will have access to all participating centers worldwide during standard business working hours and subject to availability.

	
 
	
2.3.2.
	
Membership usage: Usage is measured in whole days and unused days cannot be carried over to the following month. A membership is not intended to be a replacement for a full-time workspace and oil workspaces must be cleared at the end of each day. You are solely responsible for Your belongings at the center at all times. We are not responsible for any property that is left unattended. Should 

 

 

	
 
		
You use more than Your membership entitlement, We will charge You an additional usage fee. You may bring in 1 guest free of charge (subject to fair usage). Any additional guests will be required to purchase a day pass.

	
 
	
2.3.3.
	
As a Member, You may not use any Center as Your business address without on accompanying office or virtual office agreement in place. Any use of the Center address in such a way will result in on automatic enrollment in the Virtual Office product for the same term as Your membership and You will be invoiced accordingly.

	
 
	
2.4.
	
Compliance with Law: You must comply with all relevant laws and regulations in the conduct of Your business. You must not do anything that may interfere with the use of the Center by Us or by others (including but not limited to political campaigning or immoral activity), cause any nuisance or annoyance, or cause loss or damage to Us (including damage to reputation) or to the owner of any interest in the building. If We have been advised by any government authority or other legislative body that it hos reasonable suspicion that You are conducting criminal activities from the Center, or You ore or will become subject to any government sanctions, then We shall be entitled to terminate any and all of Your agreements with immediate effect. You acknowledge that any breach by You of this clause shall constitute a material default, entitling Us to terminate Your agreement without further notice.

	
 
	
2.5.
	
Ethical Trading: Both We and You shall comply at all times with all relevant anti-slavery, anti-bribery and anti-corruption laws.

	
 
	
2.6.
	
Data Protection:

	
 
	
2.6.1.
	
Each party shall comply with all applicable data protection legislation. The basis on which we will process Your personal data is set out in our privacy policies (available on our website at www.iwgplc.com/clientprivacypolicy .)

	
 
	
2.6.2.
	
You acknowledge and accept that we may collect and process personal data concerning You and/or your personnel in the course of our agreement for services with you. Such personal data will be processed in accordance with our privacy policy. Where you provide this data to us, you will ensure that you have the necessary consents and notices in place to allow for this.

	
 
	
2.7.
	
Employees: We will both have Invested a great deal in training Our staff, therefore. neither of us may knowingly solicit or offer employment to the other's staff employed in the Center (or for 3 months after they have left their employment). To recompense the other for staff training and investment costs, if either of us breaches this clause the breaching party will pay upon demand to the other the equivalent of 6 months' salary of any employee concerned.

	
 
	
2.8.
	
Confidentiality: The terms of on agreement ore confidential. Neither of us may disclose them without the other's consent unless required to do so by law or an official authority. This obligation continues for a period of 3 years after an agreement ends.

	
 
	
2.9.
	
Assignment: An agreement Is personal to You and cannot be transferred to anyone else without prior consent from Us unless such transfer is required by low. However, We will not unreasonably withhold our consent to assignment lo an affiliate provided that You execute our standard form of assignment. We may transfer any agreement and any and all amounts payable by You under an agreement to any other member of Our group.

	
 
	
2.10.
	
Applicable law: An agreement is interpreted and enforced in accordance with the law of the place where the Center is located other than ln a few specific jurisdictions which ore detailed in the House Rules. We and You both accept the exclusive jurisdiction of the courts of that jurisdiction. If any provision of these terms and conditions is held void or unenforceable under the applicable law, the other provisions shall remain in force.

	
3.
	
Our liability to You and Insurance

	
 
	
3.1.
	
The extent of Our liability: To the maximum extent permitted by applicable law. We are not liable to You in respect of any loss or damage You suffer in connection with an agreement, including without limitation any loss or damage arising as a result of our failure to provide a service as a result of mechanical breakdown, strike or other event outside of Our reasonable control otherwise unless We have acted deliberately or have been negligent. In no event shall We be liable for any loss or damage until You provide written notice and give Us a reasonable time to remedy it. If We are liable for failing to provide You with any service under an agreement then, subject to the exclusions and limits set out immediately below, We will 

 

 

	
 
		
pay any actual and the reasonable additional expense You have incurred in obtaining the same or similar service from elsewhere.

	
 
	
3.2.
	
Your Insurance: II is Your responsibility to arrange insurance for property which You bring in to the Center, for any mail You send or receive and for Your own liability to your employees and to third parties. We strongly recommend that You put such insurance in place.

	
 
	
3.3.
	
IT Services and Obligations: Whilst We have security internet protocols in place and strive to provide seamless internet connectivity. WE DO NOT MAKE ANY REPRESENTATION AND CANNOT GUARANTEE ANY MAINTAINED LEVEL OF CONNECTIVITY TO OUR NETWORK OR TO THE INTERNET, NOR THE LEVEL OF SECURITY OF IT INFORMATION AND DATA THAT YOU PLACE ON IT. You should adopt whatever security measures (such as encryption) You believe are appropriate to Your business. Your sole and exclusive remedy in relation to issues of reduced connectivity which ore within Our reasonable control shall be for Us to rectify the issue within a reasonable time following notice from You to Us.

	
 
	
3.4.
	
EXCLUSION OF CONSEQUENTIAL LOSSES: WE WILL NOT IN ANY CIRCUMSTANCES HAVE ANY LIABILITY TO YOU FOR LOSS OF BUSINESS, LOSS OF PROFITS, LOSS OF ANTICIPATED SAVINGS, LOSS OF OR DAMAGE TO DATA, THIRD PARTY CLAIMS OR ANY CONSEQUENTIAL LOSS. WE STRONGLY RECOMMEND THAT YOU INSURE AGAINST ALL SUCH POTENTIAL LOSS, DAMAGE, EXPENSE OR LIABILITY.

	
 
	
3.5.
	
Financial limits to our liability: In all cases, our liability to You is subject to the following limits:

	
 
	
3.5.1.
	
without limit for personal injury or death;

	
 
	
3.5.2.
	
up to a maximum of GBP 1 million (or USO 1.5 million or EUR 1 million or other local equivalent) for any one events or series of connected events for damage to Your personal property; and

	
 
	
3.5.3.
	
in respect of any other loss or damage, up to a maximum equal to 125% of the total fees paid between the date services under an agreement commenced and the date on which the claim in question arises; or if higher, for office agreements only. GBP SO.ODO/ USD 100,000 / EUR 66,000 (or local equivalent).

	
4.
	
Fees

	
 
	
4.1.
	
Service Retainer/Deposit: Your service retainer/ deposit will be held by Us without generating interest as security for performance of all Your obligations under an agreement. All requests for the return must be mode through Your online account or App after which the service retainer/deposit or any balance will be returned within 30 days to You once your agreement has ended and when You have settled Your account. We will deduct any outstanding fees and other costs due to Us before returning the balance to You. We may require You to pay an increased retainer/deposit if the monthly office or virtual office fee increases upon renewal, outstanding fees exceed the service retainer/deposit held and/or You frequently fail to pay invoices when due.

	
 
	
4.2.
	
Taxes and duty charges: You agree to pay promptly (i) all sales, use. excise, consumption and any other taxes and license fees which You are required to pay to any governmental authority (and, at Our request, You will provide to Us evidence of such payment) and (ii) any taxes paid by Us to any governmental authority that are attributable to Your accommodation, where applicable, including. without limitation. any gross receipts. rent and occupancy taxes, tangible personal property taxes, duties or other documentary taxes and fees.

	
 
	
4.3.
	
Payment: We are continually striving to reduce our environmental impact and support You in doing the same. Therefore, We will send all invoices electronically and You will make payments via on automated method such as Direct Debit or Credit Card, wherever local banking systems permit.

	
 
	
4.4.
	
Late payment: If You do not pay fees when due, a fee will be charged on all overdue balances. This fee will differ by country and is listed in the House Rules. If You dispute any part of an invoice, You must pay the amount not in dispute by the due date or be subject to late fees. We also reserve the right to withhold services (including for the avoidance of doubt, denying You access to the Center where applicable) while there are any outstanding fees and/or interest, or You are in breach of an agreement.

	
 
	
4.5.
	
Insufficient Funds: Due to the additional administration We incur. You will pay a fee for any returned or declined payments due to insufficient funds. This fee will differ by country and is 

 

 

	
 
		
listed in the House Rules.

	
 
	
4.6.
	
Activation: An activation fee is payable in respect of each agreement You have with Us (including any new agreements entered into under clause 1.9 above). This fee covers the administrative cost of the client onboarding process and account setup. This fee is set out in each Local Services Agreement and is charged on a per occupant basis for Serviced Office and Coworking (dedicated desk), on a per location basis for Virtual Office and on a per person basis for Membership. Further information is set out in the House Rules.

	
 
	
4.7.
	
Indexation: If an agreement is for a term of more than 12 months, We will increase the monthly fee on each anniversary of the start date in line with the relevant inflation index detailed in the House Rules.

	
 
	
4.8.
	
Standard services: Monthly fees, plus applicable taxes, and any recurring services requested by You are payable monthly in advance. Where a daily rate applies, the charge for any such month will be 30 times the daily fee. For a period of less than one month, the fee will be applied on a daily basis.

	
 
	
4.9.
	
Pay-as-you-use and Additional Variable Services: Fees for pay-as-you-use services, plus applicable taxes, are payable monthly in arrears at our standard rates which may change from time to time and are available on request.

	
 
	
4.10.
	
Discounts, Promotions and Offers: If You benefited from a special discount, promotion or offer, We will discontinue that discount, promotion or offer without notice if You materially breach Your agreement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Terms Feb 2020

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