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Article 1. Contract agreement in accordance with article 7:400 of the Civil Code
1.1. The assignment agreement is concluded by signing the offer by the client and contractor GREM VOF, located at Willem Theunisse Blokstraat 395 in Amsterdam and registered in the Chamber of Commerce under number 95635068 (hereinafter: GREM).
1.2. All activities resulting from or related to this assignment are covered by this agreement.
1.3. The general terms and conditions form an integral part of the offer and order confirmation.
1.4. GREM will start the service as soon as payment has been made and the offer and the general terms and conditions have been signed.
Article 2. Principles
2.1. GREM acts exclusively as an advisor and not as a broker and does not provide (selling) advice or legal and financial guarantees. GREM independently advises investors on real estate investments in Dubai. GREM advises you on analysing your financial situation, drawing up an investment strategy, assessing developers, projects and locations.
2.2. GREM provides a list of developers at the request of the client. Should the client invest in a project by a developer on the list, the client will receive the advice fee of €3,000.00 (excluding VAT), in other words, three thousand euros (see also article 4.3.) in return. The developer fully supervises the purchase process. GREM only provides advice. The client acknowledges that GREM may receive compensation from the developer on the list if the client purchases from that developer. At the request of the client, GREM will make known all agreements between developer and GREM. The developer pays with GREM without harming the client. The Client agrees that this does not affect the independence of GREM's advice.
Article 3. Rights and obligations of GREM and the client
3.1. GREM provides the services described in the offer based on the information provided by the client. GREM can assume the accuracy and completeness of this information.
3.2. The client guarantees that this information has been provided truthfully and as complete and up to date as possible.
3.3. GREM carries out its activities to the best of its knowledge and ability, in accordance with the standards of independent advice and good workmanship.
3.4. The client is responsible for providing timely, complete and up-to-date information that is relevant to the execution of the assignment. Delays or imperfections as a result of incorrect or incomplete information are the responsibility of the client.
Article 4. Payment, billing and additional work
4.1. GREM uses a payment period of 14 days after the invoice date, unless otherwise agreed in writing. This is a strict payment period. If payment is not made on time, GREM is entitled, without further notice of default, to (temporarily) suspend the work and to charge statutory commercial interest and extrajudicial collection costs.
4.2. Should GREM have to refund the advisory amount in accordance with article 2, paragraph 2 (2.2), the advice amount will be refunded as soon as GREM has received its compensation from the developer under the conditions applicable in article 4, paragraph 1 (4.1).
4.3. The activities of GREM have a fixed price of €3,000.00, say three thousand euros plus 21% VAT, which amounts to a total of €3,630.00, i.e. three thousand six hundred thirty euros. This amount must be paid in full at once.
4.4. More work
Any additional work will only be carried out after approval by the client and will be invoiced separately.
Article 5. Cancellation
GREM's services are a permanent advisory service. In the event of cancellation or early termination of the advisory process by the client, no refund of amounts already paid will be made.
Article 6. Cancellation clause
If either party believes that continuing the assignment is no longer desirable or feasible, the agreement can be terminated prematurely in writing and with reasons. In the event of termination at the client's initiative, there is no right to a refund.
Article 7. Intellectual property, user rights and personal data
All analyses, models, documents, reports, presentations, tools and other materials used or developed by GREM as part of the assignment remain the sole property of GREM. These may not be distributed (online or offline), shared or reused without written permission from GREM.
For optimal cooperation, it is necessary to process personal data. During a further discussion, GREM will explain what personal data this is, including the client's rights with regard to this data.
Article 8. Liability
8.1. GREM is only liable for direct damage as a result of demonstrable shortcomings in the execution of the assignment, insofar as these are the result of failure to comply with care, expertise or craftsmanship. Liability is limited to the amount paid by the client to GREM for the assignment in question.
8.2. GREM is not liable for indirect damage, consequential damage or decisions made by the client based on the information provided.
Article 9. Limitation of advice & responsibility
9.1. GREM does not act as a broker, legal advisor, management company, financial intermediary, or insurance advisor. GREM only provides informational advice and - if desired - refers to certified/licensed external specialists. GREM is not liable for decisions or consequences resulting from the advice of these third parties or from choices made by the client on its own initiative.
9.2. Any services or guidance by external parties fall/falls entirely under the client's own responsibility and is/are at the client's own expense.
9.3. GREM does not guarantee the return or future value of an investment.
9.4. The client remains responsible for all investment decisions and legal, financial and tax obligations arising from a possible purchase.
Article 10. Confidentiality
All information that GREM receives from the client in the context of the service is treated confidentially and not shared with third parties without explicit permission from the client, unless this is required by law.
Article 11. Applicable law and dispute resolution
This agreement is governed by Dutch law. Any disputes arising from this agreement will be submitted exclusively to the competent court in Amsterdam, unless mandatory law states otherwise.