Shared Office Space and Office Facilities:
You agree to pay the service fees for the period indicated in the Schedule. The fee is payable either monthly or yearly. The fee is charged at the beginning of the term. Termination within the term will not result in a refund of funds for unused time.
The fixed fee unless stated would exclude GST and you are required to pay any applicable business or government taxes, including GST.
Payment must be made within 7 days of an invoice. Late payments will collect interest at a rate of 10% per annum. Legal/collection fees may be added to the debt if those services are required.
2. Additional Charges for Services
You acknowledge that in addition to our service fees payable there may be additional charges for our Support Charges. The fees for our Support Charges can be found in our “Service Guide”.
You understand that we may change our rates from time to time to suit our business model.
3. Use of Premises
You must not use the services or premises for an illegal purpose, or cause a nuisance through your use of the premises, or interfere with the reasonable peace, comfort or privacy of any other Customer, occupant or staff member of Innovest. Breach of this provision will result in immediate termination of service. No refund will be provided.
This agreement is either:
a) A month to month Agreement which may be terminated by you or Innovest by giving one month’s written notice to terminate the agreement;
b) an annual Agreement which may be terminated by you or Innovest with one month’s written notice but no refunds or credits will be provided for unused time.
If you are in breach of this Agreement, Innovest may serve written notice on you to remedy the breach. If you do not remedy the breach within three (3) business days of being sent the notice, Innovest may terminate this Agreement.
You agree to indemnify Innovest and all of Innovest’s employees, agents, affiliates and subcontractors against all losses, damages and expenses which you or any of your employees, agents or contractors may sustain by reason of any neglect, misconduct, or non-performance. Innovest or any of it’s employees, agents, affiliates and subcontractors will not in any circumstances have any liability for loss of your business, loss of profits, loss of anticipated savings, loss or damage to data, third party claims or any consequential loss. You should consider whether to insure against all such potential loss, damage, expense or liability.
Should any dispute arise as to the meaning or application of any condition of this agreement Innovest’s decision shall be final and binding upon all parties.
8. Discarded Property
If you leave any property on Innovest’s premises, Innovest may dispose of that property at your cost in any way Innovest chooses, if such property is not removed off the remises within 7 days after ay cessation of this Agreement
If you are a company, the director or person who executes this Agreement on behalf of you jointly and severally and for valuable consideration given by you, guarantees to Innovest:
Payment of each and all sums of money, interest and damages (whether present, future, contingent, liquidated or unliquidated) for which you may now or later be liable to Innovest pursuant to this Agreement; and
Due, prompt observance and performance of all your obligations under or in relation to the Agreement or arising from or connected with the Agreement, its subject matter or any relationship referable to either of them or both alone or jointly with any person, firm or corporation (collectively the Guaranteed Obligations).
This guarantee will be a continuing guarantee for the purpose of securing the whole of the Guaranteed Obligations notwithstanding any partial payment or performance.