Home About Us Services Jurisdictions Jobs Contact Us Terms and Conditions Provision of services to the client constitute a verbal services agreement (the “Agreement”) between the company and the client which is valid and has the same cause and effect as the written agreement entered into by the company and the client. The following terms and conditions apply thereto. 1. Communication 1.1 The company accepts instructions only on the basis that those instructing the company to act on behalf of the client are liable directly to the company for payment of the company’s fees. 1.2 The company will accept instructions solely by facsimile, electronic mail or registered post from duly authorized representatives of the client. The client is entitled to designate different authorized representatives and/or revoke existing authorized representatives, at any time. Such designation/revocation shall be done through the client’s electronic mail address via an electronic mail. 1.3 The company will accept instructions from duly authorized representatives of the client from the moment of receipt of the respective notification from the client or one of the representatives of the client via electronic mail. 2. Third Party Contractors 2.1 The company may, directly or through an intermediary, request another person including but not limited to the person affiliated with and subordinated to the company (hereinafter referred to as – the “Contractor(s)”) to carry out some or all of the works and/or to render some or all of the above services for/to the client. 2.2 The company undertakes to take all reasonable care to choose Contractor(s) with good reputations and provide them with client’s instructions in due way. The company does not bear responsibility for the services rendered by the Contractor(s) to the client nor for any errors or omissions in the work performed by the Contractor(s) herewith. All the expenses incurred in this regard shall be borne by the client. 3. Adequacy of Instructions 3.1 The company provides services only on the basis that those persons instructing the company on behalf of the client give to the company all proper, necessary and timely instructions, authority and information (including the execution of all documents required) to enable the company to undertake lawfully and effectively the business instructed, and indemnify the company against losses that may be borne by the company hereupon. 4. Confidentiality 4.1 The policy of the company provides for the observation of confidentiality with regard to the identity and affairs of the client to the extent permitted by the applicable legislation, including but not limited to the cases when such information is requested on the lawful grounds by the governmental or other public bodies or institutions or upon the decision of the court and/or Attorney General of Cyprus. 4.2 The information provided by the client to the company shall be confidential and shall constitute commercial secret of the client (hereinafter referred to as – the “Information”). 4.3 Information may be provided to the company by the client in writing or through provision of access to the documents containing Information, or through delivery of such documents. 4.4 Except in cases as provided hereto, the company shall treat Information as strictly confidential, shall not disclose, copy, or transfer it to any third parties. 4.5 The company shall be entitled to provide Information to third parties upon the receipt of the prior oral or written consent from the client. 4.6 The company shall take all necessary measures to prevent misappropriation of the Information or access to the Information by any third parties, safe for the employees of the company. 4.7 The provisions hereto shall not apply to the information: (a) which the client explicitly classified orally or in writing as non-confidential; (b) which was of common knowledge as of the time of its transfer to the company; (c) which may become commonly known later (after its delivery to the company, safe for cases when the above is resulting in the breach of services agreement with the company); (d) which the company possesses lawfully, irrespectively of the client, at the time of the delivery of such Information to the company, including the information which was prepared or produced by the company irrespectively of the client and without using Information or references to it; (e) which the company lawfully received from the third party prior to the reception of the same from the client, which party has no confidentiality obligations in respect to such information to the client; (f) which can not constitute commercial secret by virtue of law. 4.8 The company shall be entitled to provide Information to the public authorities, institutions and/or other third parties without prior written consent of the client in cases when the above is required by the effective legislation of the Republic of Cyprus or any other applicable legislation as the case may be. 5. Search and Other Reports. Third Party Reliance 5.1 The services of the company, including search reports, are provided solely for the use of the client and in case the results of the services and/or search reports shall be provided to the third party upon the request of the client such the results of the services and/or reports shall not be used or relied upon by such third party without company’s written consent. 5.2 The company shall bear no responsibility for the accuracy or authenticity of any part of any search or other reports including cases when such information is derived from information in a public register. The company bears no responsibility for any inaccuracy, omission or other error in any public register upon which its search or report is based. 6. Payments 6.1 The payment due to the company shall be made within thirty (30) calendar days from the date of the issue of requests for payment. The client undertakes to reimburse costs and expenses (including bank commissions) incurred by the company in recovering payments, including late payments and the company is entitled to charge interest at the rate of 1% per month on the overdue amounts. 7. Liability 7.1 Company’s liability for loss or damage (direct, indirect or consequential) incurred by the company as a result of the fulfilment of the its obligations or arising out of the nature of services pursuant to the applicable legislation of the Republic of Cyprus or acting upon the instructions of the client, arising out of any single claim, or event, or series of related claims or events (including claims based on the gross negligence) shall not exceed EUR 100,000.00 (One Hundred Thousand Euros). This shall apply both while the agreement with the client is in force and after termination thereof. 8. Jurisdiction 8.1 Agreement with the client is construed under and regulated by Cyprus law and parties submit to non-exclusive jurisdiction of the Cyprus courts. SEARCH Home About Us Services Jurisdictions Privacy Policy Contact Us © 2021 Feldmans Management (Overseas) Limited | Disclaimer