LEGAL FEES etc.

4.1 The Law Firm Poul Schmith fixes legal fees on the basis of the nature and scope of the assignment; the liability derived from the case; the scope of the subject matter; the importance of the case to the client; the time spent and the result achieved. We may ask the client to make an advance payment for our fees.

4.2 In addition to the fees, the client shall refund costs and expenses paid out by us as part of the performance of the assignment, including e.g. fees and charges, travel and accommodation expenses as well as certain copying and forwarding expenses. Whether we advance the amount on the client's behalf or ask for the client to prepay the amount, depends on the size of the amount in question.

4.3 We send the client an invoice when the assignment is completed. As a rule long-term assignments are invoiced on account every three months.

4.4 Terms of payment are net 21 days from date of invoice. In case of late payment, interest is charged in accordance with the provisions of the Danish Late Payment of Commercial Debts (Interest) Act.

4.5 The client may request an estimate of our legal fees before our commencement of the assignment, if this is possible based on the nature of the assignment. In consumer matters we always inform the client of our fees before commencing the assignment.

4.6 The Law Firm Poul Schmith administers all client funds according to the regulations of the Danish Bar and Law Society. Interest accrued on the client account befall the client in accordance with the regulations of the Danish Bar and Law Society.