Weiss Group - Terms of Payment

These Terms of Payment (“Terms”) govern the fees charged by Weiss Group LLC (SARL) (“Weiss Group”) for its services, subject to any other special agreements and the conditions of the individual business units.

The type of remuneration depends on the type of service and client segment.

The type and the basis of assessment for the remuneration is defined in an individual contract or a document serving the same purpose. If no agreement exists, billing is based on a time fee.

The types of remuneration are as follows:

Time fee: The client will be invoiced for the time spent according to an hourly rate, which is billed in 15-minute increments. Weiss Group will provide a detailed report of the work performed with each invoice;
Fixed fee: The client will be invoiced for the services according to a fixed fee;
Performance fee: The client will be invoiced a fee based on performance;
Combination fee: The client will be invoiced for the services according to a combination fee, in which different types of remuneration are mixed to a total remuneration.

Weiss Group invoices the amount due at its discretion, usually once a month.

The following applies to invoicing according to the respective remuneration types:

Time fee: If the total estimated workload is less than 1 500 Swiss francs, the amount due is invoiced in arrears. Otherwise, the first invoice will be issued before work begins. Each invoice contains 50% of the planned workload for the coming month and balance charge for the previous month;
Fixed fee: If the total fixed fee is less than 1 500 Swiss francs, the amount due is invoiced in arrears. Otherwise, the first invoice will be issued before work begins. Each invoice contains pro rata payment in accordance with the terms of payment stated in the accepted offer;
Performance fee: The amount due is invoiced after the measurable success has been achieved;
Combination fee: The amount due is invoiced according to the terms of the respective remuneration types.

The fees are to be paid by the date specified by Weiss Group.

The payment period is generally 10 days from the invoice date.

The client bears all fees for the payment crediting a Weiss Group bank account. The fees arising from refunds are borne by Weiss Group.

The fees are to be paid in Swiss francs:

by deposit or transfer to a designated Weiss Group account;
by any other method of payment declared as admissible by Weiss Group.

If the fee is not paid in full by the specified date, the payment shall be deemed not to have been made.

Partial payments without prior agreement will not be accepted; where it is equitable, Weiss Group may disregard minor shortfalls without legal disadvantage to the party liable to pay.

The proof of timely payment shall be provided by the party liable to pay.

In the event of late payment, a written payment reminder will be sent. If no receipt of payment can be recorded within a reasonable period of time, the dunning procedure will be initiated and all current services are discontinued to avoid further costs for the client.

Costs in the event of a dunning procedure: default interest of 5 percent, at least 40 Swiss francs.

If the client does not comply with the request for payment and/or does not signal willingness to cooperate, the open receivables are transferred to a collection service provider and the business relationship is terminated.

Costs in the event of handing over receivables to a collection service provider (at the earliest from day 70 after the invoice date):

Amounts in Swiss francs
Processing fee	Claim
50	up to 20
70	up to 50
100	up to 100
120	up to 150
149	up to 250
195	up to 500
308	up to 1 500
448	up to 3 000
1'100	up to 10 000
1'510	up to 20 000
2'658	up to 50 000
6% of the receivable	from 50 000

Terms of Payment

Subject

Remuneration

Invoicing

Payment

Methods of payment

Timely payment, late payment

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