1. Services: SOVA FZ LLC (SOVA) agrees to provide you with business consulting and legal services as requested and agreed upon by both parties.
2. Letter of Engagement: The scope of work, the parties to an agreement and the fees will be defined in a letter of Engagement (LoE). LoE becomes binding for both parties as soon as you approve it.
3. Entire Agreement: An approved by you LoE, and these Terms constitute an agreement (Agreement) between you and us. An LoE precedes the Terms if there is any conflict between them.
4. Fees: You shall pay our fees for the services provided at the agreed-upon rates in the LoE. We expect you to pay our fees within 5 business days of the invoice date unless the work depends on receiving your payment. E.g., a fee for a license, company set-up, etc.
5. Late Payment: It’s okay if you delay the payment a little. But any delay above 10 business days is subject to interest at the rate of 10% per annum (payable at our demand).
6. Expenses: You shall be responsible for any expenses incurred by us in the course of providing the services, including but not limited to court filing fees, courier charges, travel, etc.
7. Taxes: All our fees and costs exclude any taxes. All applicable taxes will be reflected in our invoices to you.
8. Confidentiality: We will keep all information you provide confidential and will not disclose such information to any third party without your prior consent except as required by law or court order.
9. Publicity: You allow us to publicly disclose that you are our client and that we do work for you without any sensitive details.
10. Personal Data: We will be managing any personal data received from you following applicable UAE law. You should be doing the same.
11. Subcontractors: We will subcontract at our sole discretion. However, we will be fully responsible before you for our subcontractors.
12. Governing Law: These Terms and the entire agreement shall be governed by and construed following the laws of the United Arab Emirates.
13. Dispute Resolution: Any disputes arising from or related to these Terms and the entire agreement shall be resolved by arbitration following the rules of the Dubai International Arbitration Centre (DIAC).
14. Severability: If any provision of this agreement is invalid or unenforceable, such provision shall be struck, and the remaining provisions shall be enforced.