Policies of The Novum Group
Billing Terms and Policies
As of December 31, 2009
Quotes and proposals are based upon the initial understanding of the engagement. Changes by client after the quote or proposal or after the engagement has begun will result in revisions of services and/or fees.
Quotes and proposals apply for engagements begun within 5 calendar days of proposals, and are automatically canceled 5 calendar days after the original quote or proposal date, unless other arrangements are mutually agreed to in advance.
Minimal quote work will typically not incur administration charges. Expenses may be charged, as may be agreed to in advance, and may be payable in advance. Extensive quote work, and Proposals, will only be made with payment in advance.
Invoices and statements are rendered to clients once or twice each calendar month, solely at the discretion of The Novum Group, for professional fees, expenses and other charges for the period. Standard payment terms are: due immediately on invoice. Any other arrangements must be agreed to in advance.
Clients are required to provide a minimum retainer of 50% of the projected project costs for each separate project.
Expense receipts are provided only for travel expenses, or for single expense items above $500. Any other arrangements must be agreed to in advance.
Detailed billing must be arranged in advance, preferably at the original contract date. Detailed invoice billing will be provided only on request, and administrative charges will be incurred.
Interest and administrative charges are made on all accounts past due, and invoices are past due 15 calendar days after the issue date of the invoices. An interest charge of a minimum of fifteen percent (15.00%), and an administrative charge of a minimum of two hundred fifty US dollars, (USD250.00) per month, will be applied for all accounts past due. The Novum Group reserves the right to charge up to the maximum rates permissible by law for any account past due. Any other arrangements must be agreed to in advance. Collection activities may result in the maximum rates permissible by law, and all collection costs will be applied to accounts sent for collection.
Clients understand that if they suspend any project for more than a week, Novum may have to reassign its team to other projects and this may affect time schedules significantly.
In providing services, Novum relies on the project information and any other information provided by Clients. Clients warrant and represent that project information and any other information they provide Novum is accurate and correct in all material respects. Clients warrant and represent that they have all requisite right and authority to provide Novum with such information and use of such information by Novum shall not infringe on any third party rights.
Novum's compensation and reimbursable expenses shall be paid in full and shall not be reduced, offset, nor have any amounts withheld for payment of any local taxes, fees or charges.
Clients warrant and represent that their obligations to make any payments to Novum is not conditioned upon Clients obtaining financing for projects and/or obtaining approvals from any other parties.
Clients shall comply with all applicable laws and regulations with respect to projects and agreements with Novum.
Clients shall fully indemnify Novum against any losses, costs, claims, liabilities or damages resulting from any breach by Clients of any warranties, representations or terms, statutory, contractual, or other theory that relate to or arise out of or result from, directly or indirectly, from any negligent or wrongful act or omission of Clients or anyone directly or indirectly employed by Clients.
Work, documents and/or products prepared by Novum for projects are properties of Novum. All copyright and other intellectual property rights with respect to work, documents and/or products prepared by Novum for any projects are the sole and exclusive property of Novum throughout the world in perpetuity. During the term of an agreement, Novum grants Clients temporary licenses to use the work, documents and/or products prepared by Novum solely in relation to projects which shall cease upon expiry or termination of project agreements. After Clients have paid all compensation and reimbursable expenses as applicable, Novum grants Clients a royalty free, perpetual, non-revocable license to use the work, documents and/or products solely in connection and in accordance with the terms of with specific project agreements, Clients’ public relations and marketing efforts, and for their internal business purposes.
Novum specifically asserts its rights as author or invention assignee of rights of the work, documents and/or products including without limitation, the right to be identified as author or invention assignee, the right to object to derogatory treatment, and to false attribution. Credit shall be given to Novum in accordance with Novum’s directions. Clients shall not use Novum’s name, trade mark or logo without Novum’s prior written approval on each use.
All
Agreements shall be governed and interpreted by the laws of State of Colorado.
Additional terms and policies may be applied on a project-by-project basis.
If you have questions about these billing terms and policies, you can contact us:
By Mail: The Novum Group, 1153 Bergen Parkway Ste M271,Evergreen CO 80439
By Telephone: (303) 430-2888
By Email: operations@thenovumgroup.com