Draft for legal review
Purpose
ExEx provides a structured administrative framework for engagements so that scope, payment and completion expectations are clear before work begins.
Before work begins
- The agreed scope, deliverables, timetable, fees, expenses and milestones are recorded.
- ExEx may undertake an appropriate Client credit assessment.
- Where credit risk warrants it, advance payment or other payment security may be required.
- The applicable ExEx fee or commission is disclosed.
Invoicing and payment
ExEx may administer invoicing and use an independent regulated payment-service provider or other lawful payment arrangement. ExEx should not describe its service as regulated escrow unless the eventual structure legally permits that description.
Milestones
Where milestone payments apply, the Engagement Schedule should define the evidence of completion, approval process and timing. A Client should raise a genuine objection promptly and identify what remains outstanding.
Payment to Expertise Partner
Following receipt of cleared funds and satisfaction of the agreed payment conditions, the amount due to the Expertise Partner will be remitted less any agreed ExEx fee, commission or other authorised deduction.
Disputed sums
Where permitted by the applicable payment arrangement, a genuinely disputed amount may be held back pending resolution. Undisputed amounts should not normally be withheld merely because another part of an engagement is disputed.
No guarantee
ExEx does not guarantee Client solvency or payment unless an express written payment-protection arrangement says otherwise. Any such protection must be separately approved and documented.