Business terms

These business terms shall apply to any assignment undertaken by NJORD Law Firm, unless otherwise agreed upon in writing.

Conflicts of interest or of loyalty

In accordance with the rules of the Danish Bar and Law Society and our procedures as to impartiality, we will ensure that no conflict of interest or of loyalty exists before finally undertaking an assignment. If any legal impartiality or conflict of interest should arise during the development of the case, which may result in us renouncing the matter, we will of course recommend another attorney.

Identity information and money laundering

Like other law firms, NJORD Law Firm is subject to the rules of the Danish Act on Measures to Prevent Money Laundering. Accordingly, we are under an obligation to obtain and keep identity information on any client.

Fees and payment

Legal fees are based on various parameters. Fees will be based on the time spent on the assignment, the specialist knowledge and expertise of the attorneys involved, the complexity of the assignment and its possible importance to the client, the values involved, the outcome of the assignment, and the liability in connection with resolving the matter. Our estimated fee is exclusive of relevant costs and disbursements.

It may be difficult to estimate the total fee when undertaking the assignment. However, upon request we will provide the client with a reasoned estimate of as well as information regarding the anticipated costs and disbursements; likewise, we will inform the client as soon as possible if the total fee is likely to exceed the estimate.

Invoicing

Usually, invoicing will take place when the assignment has been completed. Advice on a continuous basis and long-term assignments (on account) will be invoiced at regular intervals, often monthly or quarterly, unless otherwise agreed upon. Terms of payment are 14 days from the date of invoice. VAT will be added in accordance with the rules in force.

Prepayment

As a rule, we ask for prepayment of costs and disbursements – and in exceptional cases we ask for prepayment of the fee.

Prepaid fees, costs and disbursements will be deposited on our clients’ account and will be used in settlement of future invoices, disbursements and costs, unless otherwise agreed upon.

Disbursements

Disbursements and relevant costs in connection with the assistance provided are charged separately to the client.

Confidentiality

All employees with NJORD Law Firm are subject to professional secrecy. Any information from or regarding clients, which we receive in connection with an assignment, will be treated as confidential, unless it appears from the circumstances that the information is non-confidential.

Use of our advice

Our legal advice is targeted at the particular assignment and is therefore not to be used for any other purposes without our explicit prior acceptance. Unless otherwise agreed upon, NJORD Law Firm is only liable to the client for the assistance provided.

Completion of the assignment

NJORD Law Firm will complete the assignment, unless the client requests that the assistance be terminated before completion. However, we reserve the right to discontinue our assistance immediately if the fixed period of credit of our invoices has been considerably exceeded, or if the client becomes insolvent. We also reserve the right to withdraw from a matter if, in specific cases, we find that we cannot be responsible for handling the matter, or if we find that it will be in the best interest of the client to terminate our cooperation.

Complaints

NJORD Law Firm is subject to the general rules of the Danish Bar and Law Society.

Law and venue

Any dispute between a client and NJORD Law Firm shall be subject to Danish law and the jurisdiction of Danish courts.

Liability, limitation of liability, and insurance cover

NJORD Law Firm has taken out third-party liability insurance, and a guarantee is provided in accordance with the rules of the Danish Bar and Law Society. The third-party liability insurance covers any legal practice irrespective of where it may be exercised. The third-party liability insurance has been taken out with Codan Forsikring, insurance policy no. 683 021 605 5, and the guarantee is provided by Codan Forsikring.

Our liability in connection with legal assistance rendered is limited to a maximum of DKK 50,000,000. The total compensation, which a client is entitled to receive, cannot exceed DKK 50,000,000 for claims advanced within the same calendar year.

Our liability does not comprise financial consequential losses, including, but not limited to, operating loss, loss of data, loss of profit, loss of goodwill, image, etc., or any other type of indirect loss.

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