Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Terms & Conditions.
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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