{"id":476,"date":"2023-09-21T03:37:02","date_gmt":"2023-09-21T03:37:02","guid":{"rendered":"https:\/\/goldmanlegal.co.nz\/?page_id=476"},"modified":"2023-10-03T00:54:25","modified_gmt":"2023-10-03T00:54:25","slug":"goldman-legal-terms-of-engagement","status":"publish","type":"page","link":"https:\/\/goldmanlegal.co.nz\/goldman-legal-terms-of-engagement\/","title":{"rendered":"Goldman Legal Terms of Engagement"},"content":{"rendered":"<div id='av_section_1'  class='avia-section av-lmsmetaa-9e202778880899d990d8c17b07d13b12 alternate_color avia-section-default avia-no-border-styling  avia-builder-el-0  el_before_av_section  avia-builder-el-first  avia-bg-style-fixed av-minimum-height av-minimum-height-33 av-height-percent  container_wrap fullsize'   data-av_minimum_height_pc='33' data-av_min_height_opt='percent'><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-476'><div class='entry-content-wrapper clearfix'>\n<div  class='flex_column av-oo6wk-47e9503cf9f4033b8b032cd54e5131d0 av_two_fifth  avia-builder-el-1  avia-builder-el-no-sibling  first flex_column_div  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lmsmfela-20ce9672e8309f882d2402181431ceed\">\n#top .av_textblock_section.av-lmsmfela-20ce9672e8309f882d2402181431ceed .avia_textblock{\ncolor:#ffffff;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top .av_textblock_section.av-lmsmfela-20ce9672e8309f882d2402181431ceed .avia_textblock{\nfont-size:18px;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top .av_textblock_section.av-lmsmfela-20ce9672e8309f882d2402181431ceed .avia_textblock{\nfont-size:18px;\n}\n}\n<\/style>\n<section  class='av_textblock_section av-lmsmfela-20ce9672e8309f882d2402181431ceed '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock av_inherit_color'  itemprop=\"text\" ><h2><span style=\"color: #d09d30;\">Goldman Legal<\/span><br \/>\nStandard Terms<br \/>\nof Engagement<\/h2>\n<\/div><\/section><\/div><\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='av_section_2'  class='avia-section av-kmza4-901a3f6c04bdac6dac291e0a3e6e2e0d main_color avia-section-default avia-no-border-styling  avia-builder-el-3  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-476'><div class='entry-content-wrapper clearfix'>\n<div  class='flex_column av-gufdw-1cb23737cc0b48d8b98686a162ad88c8 av_one_full  avia-builder-el-4  avia-builder-el-no-sibling  first flex_column_div  '     ><section  class='av_textblock_section av-7uws4-855a5cf92fb4b07841457456fb8472e7 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>These Standard Terms of Engagement (\u201cTerms\u201d) apply in respect of all work carried out by us for you, except to the extent that we otherwise agree with you in writing.<\/p>\n<p><strong>1\u00a0\u00a0\u00a0\u00a0 Services<\/strong><\/p>\n<p>The services which we are to provide for you are outlined in our engagement letter.<\/p>\n<p><strong>2 \u00a0 \u00a0 <\/strong><strong>Taxation and Anti Money Laundering<\/strong><\/p>\n<p>2.1 \u00a0 <strong>Terminology:<\/strong><\/p>\n<p>a\u00a0\u00a0<strong>\u00a0 AML<\/strong>: <em>Anti-Money Laundering and Countering Financing of Terrorism Act 2009<\/em><em>.<\/em><\/p>\n<p>b \u00a0<strong> \u00a0CRS<\/strong>: Common Reporting Standard, considered a \u201cglobal version\u201d of FATCA to provide a global framework for the collection, reporting, and exchange of financial account \u00a0 \u00a0 information about persons that invest outside of their jurisdiction of tax residence. This will assist in detecting and deterring offshore tax evasion.<\/p>\n<p>c \u00a0 <strong>\u00a0FATCA<\/strong>: United States Foreign Account Tax Compliance Act.<\/p>\n<p>d \u00a0 <strong>\u00a0PTR<\/strong>: Prescribed Transaction Report. We are required to report to the Financial Intelligence Unit if we receive a cash payment over $10,000 or if we receive or make an international wire transaction over $1,000.<\/p>\n<p>e \u00a0<strong> \u00a0SAR<\/strong>: Suspicious Activity Report.We are required to report to the Financial Intelligence Unit if we believe a transaction is suspicious in terms of AML.<\/p>\n<p>2.2 \u00a0 We may collect information from you and disclose that information to third parties:<\/p>\n<p>a\u00a0\u00a0\u00a0 We at our sole discretion may file SAR and PTR reports in relation to you under AML rules. We have no obligation whatsoever to disclose any such filing to you.<\/p>\n<p>b \u00a0 \u00a0We at our sole discretion may file reports (including to banks) in relation to you under FATCA or CRS rules, we have no obligation whatsoever to disclose any such filing to you.<\/p>\n<p>c \u00a0 \u00a0We at our sole discretion may request you to provide information to us to satisfy our compliance requirements in relation to AML, FATCA, CRS or New Zealand taxation laws or conveyancing laws such as the <em>Land Transfer Act <\/em>(1952 or 2017), and may disclose that information to third parties to satisfy our statutory obligations.<\/p>\n<p><strong>3\u00a0\u00a0\u00a0 Financial<\/strong><\/p>\n<p>3.1<strong>\u00a0\u00a0\u00a0 Fees<\/strong>:<\/p>\n<p>a\u00a0\u00a0\u00a0 The fees which we will charge or the manner in which they will be arrived at, are set out in our engagement letter.<\/p>\n<p>b\u00a0\u00a0\u00a0 If the engagement letter specifies a fixed fee, we will charge this for the agreed scope of our services. Work which falls outside that scope will be charged on an hourly rate basis. We will advise you as soon as reasonably practicable if it becomes necessary for us to provide services outside the agreed scope and if requested, give you an estimate of the likely amount of the further costs.<\/p>\n<p>c\u00a0\u00a0\u00a0 Where our fees are calculated on an hourly basis, the hourly rates are set out in our engagement letter. The differences in those rates reflect the experience and specialisation of our professional staff.<\/p>\n<p>3.2 \u00a0 \u00a0<strong>AML Office Expense Recoveries:<\/strong><\/p>\n<p>In order to accept your instruction we are required to complete AML customer due diligence. This will be levied depending on the nature of the transaction and circumstances.<\/p>\n<p>3.3\u00a0\u00a0\u00a0\u00a0<strong> Office Expense Recoveries: <\/strong>During the course of our service to you, we will incur certain expenses on your behalf, such as stationery items, postage, telephone and electronic data charges, photocopying and accounts administration etc.\u00a0 As a matter of course, we levy a charge of $65.22+GST when we open a new matter to cover these costs to a basic level. A further office expense fee of 5% of the value of time recorded on your matter (to cover further telephone, fax, tolls, electronic data and printing charges) will be applied if we render subsequent invoices to you beyond our first invoice.<\/p>\n<p>In addition to the above charge, if we incur expenses for photocopying, tolls and other expenses that are over and above what could be considered normal, we will recover these from you also.<\/p>\n<p>3.4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>Disbursements: <\/strong>A disbursement is a specific payment by us to a third party on your behalf.\u00a0 We will recover from you disbursements that we incur in relation to your matter.\u00a0We may require an advance payment for the disbursements or expenses which we will be incurring on your behalf.<\/p>\n<p>Typical disbursements include Title Search Fees, Covenant Search Fees, PPSR Search Fees, Registration Charges, Company Incorporation Charges, Trademark Registration Fees, and Probate Application Fees.<\/p>\n<p>3.5<strong>\u00a0\u00a0\u00a0 GST (if any)<\/strong>: Is payable by you on our fees and charges.<\/p>\n<p>3.6<strong>\u00a0\u00a0\u00a0 Invoices<\/strong>: We will send interim invoices to you, usually monthly and on completion of the matter, or termination of our engagement. We may also send you an invoice when we incur a significant expense.<\/p>\n<p>3.7<strong>\u00a0\u00a0\u00a0 Payment<\/strong>: Invoices are payable within fourteen (14) days of the date of the invoice, unless alternative arrangements have been made with us. We may require interest to be paid on any amount which is more than 14 days overdue. Interest will be calculated at the rate of 1.5% per month.<\/p>\n<p>3.8<strong>\u00a0\u00a0\u00a0 Debt Collection:<\/strong> Should payment of our invoice not be made within the specified time (fourteen (14) days unless otherwise agreed in writing), we reserve the right to refer any unpaid invoice to a debt collection agency or take any such legal action as we consider necessary. We may also submit the details and particulars of your account to a credit reporting agency, which might affect your credit rating and ability to make certain transactions with other companies.<\/p>\n<p>Should such action be taken you will be liable for collection fees, late payment fees and any legal fees that are incurred as a result of non payment within the specified time.<\/p>\n<p>3.9<strong>\u00a0\u00a0\u00a0 Security<\/strong>: We may ask you to pre-pay amounts to us, or to provide security for our fees and expenses. You authorise us:<\/p>\n<p>a\u00a0\u00a0\u00a0 to debit against amounts pre-paid by you; and<\/p>\n<p>b\u00a0\u00a0\u00a0 to deduct from any funds held on your behalf in our trust account any fees, expenses or disbursements for which we have provided an invoice.<\/p>\n<p>3.10<strong>\u00a0\u00a0\u00a0 Third Parties<\/strong>: Although you may expect to be reimbursed by a third party for our fees and expenses, and although our invoices may at your request or with your approval be directed to a third party, nevertheless you remain responsible for payment to us if the third party fails to pay us.<\/p>\n<p><strong>4\u00a0\u00a0\u00a0\u00a0 Confidentiality<\/strong><\/p>\n<p>4.1\u00a0\u00a0\u00a0\u00a0 We will hold in confidence all information concerning you or your affairs that we acquire during the course of acting for you. We will not disclose any of this information to any other person except:<\/p>\n<p>a\u00a0\u00a0\u00a0 to the extent necessary or desirable to enable us to carry out your instructions; or<\/p>\n<p>b\u00a0\u00a0\u00a0 to the extent required by law or by the Law Society\u2019s <em>Rules of Conduct and Client Care for Lawyers<\/em>.<\/p>\n<p>4.2\u00a0\u00a0\u00a0\u00a0 Confidential information concerning you will as far as practicable be made available only to those within our firm who are providing legal services for you.<\/p>\n<p>4.3\u00a0\u00a0\u00a0\u00a0 We will of course, not disclose to you confidential information which we have in relation to any other client.<\/p>\n<p><strong>5\u00a0\u00a0\u00a0\u00a0 Termination<\/strong><\/p>\n<p>5.1\u00a0\u00a0\u00a0\u00a0 You may terminate our retainer at any time.<\/p>\n<p>5.2\u00a0\u00a0\u00a0\u00a0 We may terminate our retainer in any of the circumstances set out in the Law Society&#8217;s <em>Rules of Conduct and Client Care for Lawyers<\/em><\/p>\n<p>5.3\u00a0\u00a0\u00a0\u00a0 If our retainer is terminated you must pay us all fees due up to the date of termination and all expenses incurred up to that date.<\/p>\n<p><strong>6\u00a0\u00a0\u00a0\u00a0 Retention of files and documents<\/strong><\/p>\n<p>You authorise us (without further reference to you) to destroy all files and documents for this matter (other than any documents that we hold in safe custody for you) 7 years after our engagement ends, or earlier if we have converted those files and documents to an electronic format.<\/p>\n<p><strong>7\u00a0\u00a0\u00a0\u00a0 Conflicts of Interest<\/strong><\/p>\n<p>We have procedures in place to identify and respond to conflicts of interest. If a conflict of interest arises we will advise you of this and follow the requirements and procedures set out in the Law Society&#8217;s <em>Rules of Conduct and Client Care for Lawyers<\/em>.<\/p>\n<p><strong>8\u00a0\u00a0\u00a0\u00a0 Duty of Care<\/strong><\/p>\n<p>Our duty of care is to you and not to any other person. Before any other person may rely on our advice, we must expressly agree to this.<\/p>\n<p><strong>9\u00a0\u00a0\u00a0\u00a0 Trust Account<\/strong><\/p>\n<p>We maintain a trust account for all funds which we receive from clients (except monies received for payment of our invoices). If we are holding significant funds on your behalf we will normally lodge those funds on interest bearing deposit with a bank. In that case we will charge an administration fee of 5% of the interest derived.<\/p>\n<p><strong>10 \u00a0 \u00a0 General<\/strong><\/p>\n<p>10.1\u00a0\u00a0\u00a0\u00a0 These Terms apply to any current engagement and also to any future engagement, whether or not we send you another copy of them.<\/p>\n<p>10.2\u00a0\u00a0\u00a0\u00a0 We are entitled to change these Terms from time to time, in which case we will send you amended Terms.<\/p>\n<p>10.3\u00a0\u00a0\u00a0\u00a0 Our relationship with you is governed by New Zealand law and New Zealand courts have non-exclusive jurisdiction<\/p>\n<p><strong>11 \u00a0 \u00a0Instructions from the Director(s) of a Company<\/strong><\/p>\n<p>You may have asked us to carry out work on behalf of your company. We have accepted your instructions on the basis that <u>you personally have requested this work<\/u>. While we may, at your request, present our invoice for payment by the company, in the event of non-payment by the company we shall be entitled to invoice you for immediate payment of our costs and disbursements, and also any costs due in terms of Paragraphs 3.6 and 3.7 above.<\/p>\n<\/div><\/section><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Goldman Legal Terms of Engagement - Goldman Legal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldmanlegal.co.nz\/goldman-legal-terms-of-engagement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goldman Legal Terms of Engagement - Goldman Legal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldmanlegal.co.nz\/goldman-legal-terms-of-engagement\/\" \/>\n<meta property=\"og:site_name\" content=\"Goldman Legal\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/GoldmanLegal\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-03T00:54:25+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"16 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/goldmanlegal.co.nz\/goldman-legal-terms-of-engagement\/\",\"url\":\"https:\/\/goldmanlegal.co.nz\/goldman-legal-terms-of-engagement\/\",\"name\":\"Goldman Legal Terms of Engagement - Goldman Legal\",\"isPartOf\":{\"@id\":\"https:\/\/goldmanlegal.co.nz\/#website\"},\"datePublished\":\"2023-09-21T03:37:02+00:00\",\"dateModified\":\"2023-10-03T00:54:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/goldmanlegal.co.nz\/goldman-legal-terms-of-engagement\/#breadcrumb\"},\"inLanguage\":\"en-NZ\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/goldmanlegal.co.nz\/goldman-legal-terms-of-engagement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/goldmanlegal.co.nz\/goldman-legal-terms-of-engagement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/goldmanlegal.co.nz\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Goldman Legal Terms of Engagement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/goldmanlegal.co.nz\/#website\",\"url\":\"https:\/\/goldmanlegal.co.nz\/\",\"name\":\"Goldman Legal | Queenstown Lawyers\",\"description\":\"Property, Business &amp; 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