Terms of Business

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1. These terms of business between Internal Audit Services Limited (IAS) and the Client are deemed to be accepted by the Client from the time of a request to IAS to provide a temporary or freelance worker (worker).
2. The fees charged by IAS will be as per the notification in writing or by fax. The amounts quoted will exclude VAT but will be subject to VAT. The fees will be invoiced to the Client weekly. The Client will pay the daily charges for all days and part days (or hours and part hours) actually worked by the worker.
3. The full amount of the fees shall be paid by the Client without any deduction whatsoever within 30 days of the date of the invoice. Overdue accounts will be subject to a surcharge of 2.5 per cent per month or part thereof.
4. The Client agrees, if requested, to verify and if verified sign, the worker's time sheets each week during the duration of the assignment. Signature of the time sheet by the Client, or alternatively the waiving of the need for a signature, each constitutes acceptance that the worker's services have been provided for the times indicated on the time sheet and that such services have been satisfactory.
5. The term of engagement of the worker may be extended by mutual agreement between the Client and IAS.
6. The Client undertakes to notify IAS of the intention to engage a worker introduced by IAS on a permanent basis.
7. If, during the assignment or within 12 months of the end of an assignment, the Client engages on a permanent basis a worker introduced by IAS then the Client will immediately be liable to pay an introduction fee of 25 per cent of the total of the first year's gross annual salary plus all benefits. Both a company car and a profit sharing scheme will be taken as a benefit of £2000 per annum each, while participation in a share option scheme will be taken as a benefit of £1000 per annum. The value of a pension scheme membership entitlement will be taken as the employer's percentage rate of contribution to the scheme times the worker's first year's salary, using the most recent contribution rate known.
8. If within 12 months of the end of an assignment the Client arranges further assignments for the worker, then the Client will be liable to pay fees in accordance with the above terms. In the event of a permanent offer arising during or within 12 months of the cessation of that later assignment, clause number 7 shall again apply.
9. Clauses 7 and 8 shall apply also where the Client introduces the worker to another company, firm, person or body which accepts such worker directly or indirectly.
10. IAS shall use all reasonable endeavours to ensure that its workers are efficient, honest, reliable and confidential but the Client hereby acknowledges that no warranty can be given by IAS in this regard and that it is the entire responsibility of the Client to ensure that the worker is suitable for its requirements. Unless otherwise agreed the Client further acknowledges that during the assignment the worker will be under the direction, supervision and control of the Client. The Client is also responsible for providing adequate insurance, protection and safety for the worker during the assignment.
11. In the event that the services of the worker prove to be unsatisfactory or otherwise fail to meet the stated requirements of the Client, IAS may at its own discretion reduce or cancel the fees for some or all of the time worked by the worker, provided notification is received in writing by IAS by the end of the third day of the assignment. Failure to notify IAS in this way will constitute acceptance of the worker's suitability.
12. IAS reserves the right to substitute another worker at any time with the agreement of the Client, such agreement not to be unreasonably withheld.
13. Neither IAS nor its workers staff or associates shall be liable for any loss or be liable for any damage caused to the Client, its staff or property as the result of an introduction effected by IAS.
14. These terms cannot be varied save in writing by a Director or Company Secretary of IAS.
15. If a worker has contracted to provide his or her services exclusively to a limited company and that limited company enters into an agreement with the Client to provide the services of the worker, then all references in these Terms of Business shall be deemed to include references to such a limited company.

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Internal Audit Services Limited
Hornefield House,
David Street,
Meopham,
Kent DA13 0BT,
United Kingdom

T. +44 (0)845 838 5560
F. +44 (0)845 838 5561

Director: R. Geoffrey Clark FCA PIIA
Company Secretary: Ann Kennedy
Website: www.internalaudit.co.uk