Text for Terms & Conditions
T's & C's: Residual Balances
- Change date
- 18/05/2023
- Word count
- 266
- Deployment measure
- 9/10
Rationale
Many firms do not include provision relating to residual balances. This clause is a good starting point and even provides for a reconciliation fee in certain circumstances.
We will apply a reconciliation fee of £{ } + VAT at the conclusion of your matter if we still hold any monies on account once everyone has been paid.
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