Chrysanthou Mylona 1-3030, Panaghides Building, Episkopi, Cyprus, 350
Room 2a 14/f Chun Wo Commercial Centre, 23–29 Wing Wo Street, Central, Hong Kong
1.1. These Payment Terms govern the financial conditions for the provision of services by Veritas Advisory Group Limited (hereinafter referred to as the “Company”). These Payment Terms, including all provisions and conditions, have been individually developed taking into account the Company’s business activities, internal rules, and operational model. The document has been prepared with the involvement of qualified professionals (including legal and audit specialists) and reflects the actual processes applied by the Company in its interaction with website visitors and clients.
1.2. All payments shall be made in accordance with the terms agreed in an individual agreement or invoice.
1.3. These Terms apply to all clients unless otherwise expressly agreed in writing.
1.4. In the event of any conflict between these Terms and an individual agreement, the provisions of the individual agreement shall prevail.
2.1. Service fees are determined individually, taking into account the complexity, scope, and jurisdiction of the matter.
2.2. The Company may apply the following fee models:
2.2.1. fixed fee;
2.2.2. hourly rate;
2.2.3. staged payments;
2.2.4. success fee;
2.2.5. hybrid models.
2.3. All payment terms are agreed in advance and documented in the agreement or invoice.
3.1. The Company may require advance payment prior to the commencement of services.
3.2. The amount and conditions of advance payment are specified in the agreement or invoice.
3.3. Unless otherwise agreed, services shall not commence until payment is received.
4.1. Invoices are issued in electronic form.
4.2. Each invoice includes the amount, currency, payment details, and due date.
4.3. The client is obliged to pay the invoice in full and within the specified timeframe.
5.1. Payments shall be made by bank transfer or other agreed method.
5.2. All bank charges and transaction costs shall be borne by the client.
5.3. The Company must receive the full invoiced amount without deductions.
6.1. Payment deadlines are specified in the invoice or agreement.
6.2. In case of late payment, the Company reserves the right to:
6.2.1. suspend services;
6.2.2. apply penalties or interest (where applicable);
6.2.3. terminate the engagement;
6.2.4. initiate debt recovery actions.
7.1. A success fee applies only where expressly agreed between the parties.
7.2. The amount is determined as a percentage of funds or assets actually recovered.
7.3. The obligation to pay arises upon actual receipt of funds or establishment of control over assets.
7.4. The success fee is payable regardless of how the client subsequently uses the recovered funds.
8.1. The client shall bear all third-party expenses, including:
8.1.1. court and government fees;
8.1.2. expert services;
8.1.3. notarial and translation services;
8.1.4. enforcement costs;
8.1.5. partner and contractor fees.
8.2. Such costs may be payable in advance or as incurred.
9.1. All payments are non-refundable unless expressly agreed otherwise in writing.
9.2. Lack of results shall not constitute grounds for a refund.
9.3. Any exceptions must be explicitly agreed.
10.1. The client undertakes not to initiate unjustified chargebacks or payment reversals.
10.2. In the event of an unjustified chargeback, the Company reserves the right to:
10.2.1. suspend services;
10.2.2. recover losses;
10.2.3. initiate legal proceedings.
11.1. The client is responsible for all applicable taxes and duties.
11.2. Prices may be quoted exclusive of taxes unless otherwise stated.
11.3. The applicable tax regime is determined in accordance with relevant legislation.
12.1. Payments shall be made in the specified currency.
12.2. The client bears all risks related to:
12.2.1. exchange rate fluctuations;
12.2.2. currency conversion;
12.2.3. banking fees.
12.3. The Company shall not be liable for such losses.
13.1. The Company reserves the right to verify the source of client funds.
13.2. The Company may conduct KYC/AML checks.
13.3. Supporting documentation may be requested.
13.4. The Company may refuse to accept payment where risks are identified.
14.1. The Company shall not be liable for:
14.1.1. banking delays;
14.1.2. rejected payments;
14.1.3. actions of payment systems;
14.1.4. indirect financial losses.
15.1. The Company reserves the right to suspend services in case of breach of payment obligations.
15.2. Services will resume upon resolution of such breach.
16.1. The Company reserves the right to amend these Terms.
16.2. Amendments become effective upon publication.
17.1. For payment-related inquiries, the Company may be contacted at: info@veritas-advisory-group.com
