European Exchange
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Terms and ConditionsEuropean Exchange Ltd. is an established language services agency based in London. The company works according to the following terms and conditions of service:Conditions of ServiceIn submitting a text for translation, the client enters into a binding agreement with this Company covered by the following terms and conditions:1. Definitions"The Company" means European Exchange Ltd."Work" means any translation or any other work undertaken by or any other services supplied by the Company."Client" means any person to whom the Company shall supply work.2. QuotationsPrices are quoted exclusive of value-added tax. Verbal quotations are given for guidance only. They are not binding upon the Company and are subject to written confirmation on receipt of the text for translation. Written quotations remain valid for 30 days after dispatch. The cost of translation is based upon the number of either words or lines of text in the target language. Each line or part line shall be deemed to be a minimum of 10 words.3. PaymentsAll accounts are net and due 14 days after completion of the work, although in some circumstances payment may be requested prior to the commencement of the work. Monthly credit accounts may be opened for regular Clients on request, in which case payment must be received by the 20th day of the month following the month in which the invoice was raised.Without prejudice to the Company's other rights, a service charge of 2% per month or £2.00 whichever is greater shall be made on all accounts outstanding beyond the due date to cover financial and administrative costs and shall be added to these accounts.4. Completion of WorkWe have a very good reputation for prompt delivery. However, any date agreed by the Company for delivery is given and intended as an estimate only. The Company shall make every endeavour to meet such an estimated deadline but shall not be liable to make good any damage or loss, whether arising directly or indirectly out of its failure to meet such date. The Client may, at any time after the expiry of the date, give the Company reasonable notice, having regard to the original anticipated delivery period, but no less than 7 days, and if delivery has not taken place within that period of notice, no charge will be made and the Contract will be considered cancelled.Should the translation have been delivered after the expiry of the notice period and the Client does not rescind the cancellation of the Contract, the Company requires the immediate return of any such translation delivered together with a signed disclaimer of the Client's right to use the same. The Company reserves the right to subcontract all or part of the Work to a contractor or contractors of its own choice.In case of Force Majeure (Strike, Lockout, Industrial Dispute, Civil Commotion, Natural Disaster, Acts of War and any other situation which can be shown to have materially affected the Company's ability to deal with the commission as agreed), the Company shall notify the Client without delay, indicating the circumstances. Force Majeure shall entitle both the Company and the Client to withdraw from the commission, but in any event, the Client undertakes to pay the Company for Work already completed. The company shall assist the Client, to the best of its ability, to place his commission elsewhere.5. DeliveryDelivery is deemed to have taken place on posting, faxing or electronic delivery to a carrier, as the case may be, and the risk shall pass to the Client.However, the Company will retain a copy of the translation and, should there be any loss or damage, will forward a further copy free of charge.6. Liability(A) The Company shall be relieved of all liability for obligations incurred to the Client wherever and to the extent of which the fulfillment of such obligation is beyond its control.(B) Other than the death or injury to any person resulting from our negligence, the Company shall not be liable to the Client or any third party in any circumstances whatsoever for any consequential loss or damage of any kind (including loss of profit) and the Client shall indemnify the Company against all claims and demands upon the Company for any such consequential loss or damage.(C) As a result of any error or omission in the work undertaken by the Company, the Company will, at its option, either re-type the work or compensate the Client for any additional typing or printing up to the amount of our fee, in respect of that word, provided that such fee has been paid in accordance with the Company's terms of business and provided the work has been used by the Client for the purpose indicated on the order.(D) In the event of use of the translation by the Client for a purpose other than for which it was supplied, the Client shall not be entitled to any compensation by the Company, and the Client shall indemnify the Company against any loss arising as a result to the Company, in goodwill or otherwise.(E) Whilst the Company undertakes to use its best endeavours to produce an accurate and idiomatic translation of the Client's original text, the Client must accept that a translation reads differently from good original writing and no liability is accepted by the Company for any alleged lack of advertising or sales impact.7. Illegal MattersThe Company shall not be required to translate any matter which in its opinion is or may be of an illegal or libellous nature. Where copyright exists in texts to be translated by the Company, the Client warrants that it has obtained all consents necessary for such translation to be made.The Company shall be indemnified by the Client in respect of any claims, proceedings, costs and expenses arising out of any libellous matter printed for the Client, or any infringement of copyright, patent or design or third party right.8. RepresentationNo oral representation or statement shall be binding upon the Company, whether as a warranty or otherwise, nor shall anything be implied from any such representation or statement.9. Client's PropertyAll documents, paper or other property supplied to the Company by the Client will be held or dealt with by the Company at the Client's risk and the Company will not be responsible for the consequences of any loss or damage thereto.10. Use of Translators and InterpretersIf any Client or associate uses the services of a relevant person other than by submitting the work to the Company, the Client shall forthwith pay to the Company:(A) where the relevant person becomes an employee of such Client or associate a sum equal to 20 percent of the gross annual remuneration of such relevant person or a sum of £2,000, whichever shall be the higher, and (B) in any other case, the sum of £3,000.For the purpose of this Clause, "associate" means any partner of the Client and any Company in which the Client or any firm in which he is a partner holds not less than one third of the issued equity share capital (as defined in Section 54 of the Companies Act 1948) and any subsidiary of such Company (as so defined) or in the case of a Client who is a Company, any Company which owns directly or indirectly not less than one third of the issued share capital of the Client. "Relevant person" means any translator, interpreter, typist or other person who shall have been engaged either as an employee or independent contractor by the Company and who shall have provided work for such Client directly or indirectly through the Company within twelve months preceding the use of their services by the Client or an associate as aforesaid.11. CopyrightThe Copyright of the translation is the property of the Company and will be passed on to the Client only after full payment has been made for the translation. 12. Settlement of Disputes – ArbitrationDisputes between the Company and the Client shall be settled by arbitration. The decision of the Arbitration Tribunal shall be binding on all parties involved and shall be final.

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