General Terms


GENERAL TERMS OF USE OF THE (www.ifiduciaries.com) PROFESSIONAL SERVICES FROM “INTERNATIONAL FIDUCIARIES” LTD.

GENERAL

1.1. This document governs the conditions under which “INTERNATIONAL FIDUCIARIES” Ltd., with its headquarters and address of management: Sofia, 14, Asen Georgiev Str., Entered in the Commercial Register under UIC 131450231, provides services to its customers related to purchase, sale renting and hiring of real estate, registration of companies and other professional services detailed on this site.

1.2. These General Terms, in whole or in part, shall apply in all cases where there is contact between “INTERNATIONAL FIDUCIARIES” Ltd., and a natural person and/or a legal entity (“Customer” or “Client”) in connection with the provision of information relating to the prospecting and offering of real estate (with the purpose of buying and selling and/or renting relations), or conditions for the conclusion of a brokerage/order for a real estate transaction and/or whenever there is concluded a Contract or any other agreement between the Client/Customer and “INTERNATIONAL FIDUCIARIES” Ltd., and/or a subscription letter is signed by the Client/Customer for the services provided on this site.

1.3. These General Terms govern all legal relations between “INTERNATIONAL FIDUCIARIES” Ltd., and a physical and/or legal entity (“Customer” or “Client”), including but not limited to the Client/Customer’s signature for an order or other document by virtue of which “INTERNATIONAL FIDUCIARIES” Ltd., has accepted to fulfill a service it offers. Upon signing such a document, the Client/Customer is deemed to be familiar with these Terms and accepts the same, expressly agreeing that they will be applied in full respects to “INTERNATIONAL FIDUCIARIES” Ltd., arising in connection with and/or the occasion of the service or order provided or executed by “INTERNATIONAL FIDUCIARIES” Ltd.

1.4. These Terms govern all relationships not expressly settled in a contract concluded between “INTERNATIONAL FIDUCIARIES” Ltd., and a natural and/or legal entity (“Customer” or “Client”).

EXPRESSIONS AND DEFINITIONS

2.1. The terms and expressions defined in this section will have the following meanings, meaning the same will be used in the Mediation/Order Agreements, letters, the agreements, the documents certifying the deposit/deposit notes and any other agreements and documents signed between the Client/Customer and “INTERNATIONAL FIDUCIARIES” Ltd., in connection with the implementation of any of the services provided on this site, namely:

2.2. “Deal” is the conclusion, with the help, assistance and personal organization of “INTERNATIONAL FIDUCIARIES” Ltd., of a preliminary and/or final contract for the purchase or sale of real estate or a contract for the rental of immovable property between two parties, one or both sides is/are the Client/Customer(s) of “INTERNATIONAL FIDUCIARIES” Ltd. Any transfer of title to a real estate to a third party and/or to the Client/Customer of “INTERNATIONAL FIDUCIARIES” Ltd., to a third person and/or to a Client/Customer with the help, assistance and personal organization of “INTERNATIONAL FIDUCIARIES” Ltd., including by making a non-cash contribution to the capital of a legal entity owned or controlled by a third party and/or a Client/Customer that is a Contracting entity; the transfer of direct or indirect control over the Property(s) or their owner to a third party and/or Client/Customer; the involvement of a third party and/or a Client/Customer as an investor in the Property(s) or in the owner company of the Property(s), or in persons exercising control over them, including through direct financing, contribution, repayment or provision of bank credit , or any other form of investment or joint venture in relation to the Property(s). A transaction within the meaning of these Terms is also any transaction with a property effect on the property (exchange, donation, establishment or sale of a right to build or the creation of a right to use, sale of an enterprise in which the property is an asset).

2.3. “Property” is the real estate described in a letter of engagement, the agency/ordering agreement, the viewing protocol, the agreements, the documents certifying the deposit and/or any other agreements and documents signed/organized through the intermediary action by “INTERNATIONAL FIDUCIARIES” Ltd., and/or Property, for which the Client/Contracting body has received information from “INTERNATIONAL FIDUCIARIES” Ltd., and/or for which the Client/Contracting body has contacted “INTERNATIONAL FIDUCIARIES” Ltd.

2.4. “Client” or “Customer” of “INTERNATIONAL FIDUCIARIES” Ltd., is a natural or legal body/entity who receives information from “INTERNATIONAL FIDUCIARIES” Ltd., related to the search and supply of real estate on the occasion of the transaction performed by with real estate and/or is bound by a letter of interest and/or a mediation/order contract with “INTERNATIONAL FIDUCIARIES” Ltd. The Client/Customer of “INTERNATIONAL FIDUCIARIES” Ltd., is any natural or legal entity specified in the inspection report or a related person who has been present at a property inspection organized by “INTERNATIONAL FIDUCIARIES” Ltd., and / or has received information from “INTERNATIONAL FIDUCIARIES” Ltd. The Client/Customer of “INTERNATIONAL FIDUCIARIES” Ltd., may not have an agency/order contract concluded or concluded between them in oral form and be a Client/Customer of another intermediary with whom “INTERNATIONAL FIDUCIARIES” Ltd., has a commercial relation.

2.5. “Price requested by the Client/Customer is the amount indicated by the Client/Customer as a sale or rental price in the contract letter and/or in the agency/order agreement, in the email, fax and/or amount specified in another document on paper, addressed to “INTERNATIONAL FIDUCIARIES” Ltd., in connection with the implementation of the intermediary activity – agency service.

2.6. “Selling price of a property” is the amount specified in the preliminary contract of sale or other agreements between the parties to the transaction or, if no such agreements are signed, the price indicated in the additional agreements to a broker / order contract, if they are missing, the amount specified in the final contract for the purchase and sale of the property. In the event of a discrepancy between the sale price stated in the notary deed and the price actually agreed between the parties to the transaction, the negotiated selling price within the meaning of this point is the actually agreed price stated in the preliminary contract or other agreements between the parties to the transaction those not signed, the price indicated in additional agreements to the broker / order agreement.

2.7. “Rental price of a property” is the monthly rental price, according to the signed rental agreement, and if in the same contract the amount is determined on another basis, the rental price is the amount corresponding to the average monthly rent of the property, according to the term of the lease.

2.8. “Intermediation/Order Contract” is the contract concluded between “INTERNATIONAL FIDUCIARIES” Ltd., and the Client/Customer, by virtue of which the latter assigns to “INTERNATIONAL FIDUCIARIES” Ltd., to mediate in the realisation of a transaction/purchase, sale or lease with a real estate property, against payment of remuneration.

2.9. “Property visit” is organized by “INTERNATIONAL FIDUCIARIES” Ltd., at the request of the Client/Customer of “INTERNATIONAL FIDUCIARIES” Ltd., a meeting on the territory of a real estate for which property the Client/Customer has previously received information from “INTERNATIONAL FIDUCIARIES” Ltd., is carried out with the purpose of acquainting with the characteristics and condition of the property on the occasion of intentions of the Client/Customer for the realization of a real estate transaction.

2.10. “Property visit Protocol” is a private document, made up by “INTERNATIONAL FIDUCIARIES” Ltd., and signed by the Client/Customer, certifying the date and time of the inspection of a real estate, as well as certifying that “INTERNATIONAL FIDUCIARIES” Ltd., has organized the inspection of the said property of the named Client/Customer, respectively, that the Client/Customer Signing Protocol has visited the individualized property in the document through the intermediation of “INTERNATIONAL FIDUCIARIES” Ltd. In the absence of other documents signed for the property, the inspection report is a proof that a legal relationship has arisen between “INTERNATIONAL FIDUCIARIES” Ltd., and the Client/Customer in connection with the provision of intermediary services provided by “INTERNATIONAL FIDUCIARIES” Ltd., to which the present Terms apply. The Property visit Protocol has the meaning given in Section V of these Terms.

2.11. “Remuneration” or “Commission/Mediation Remuneration” is the remuneration of “INTERNATIONAL FIDUCIARIES” Ltd., for services rendered under the terms of the Contract for mediation/order or other written agreement between the Client/Customer and “INTERNATIONAL FIDUCIARIES” Ltd.

2.12. The “Medium Intermediate Remuneration” of “INTERNATIONAL FIDUCIARIES” Ltd., is the remuneration for intermediary services. Unless a different amount is explicitly agreed between “INTERNATIONAL FIDUCIARIES” Ltd., and the Client/Customer, the usual intermediary remuneration payable by the Client/Customer is in the amount of:

A) 3% (three percent) excluding VAT from the sale price of the property at purchase, but not less than 1000 (thousand) euro excluding VAT;

B) 50% (fifty percent) excluding VAT of the monthly rental price of the property, incl. VAT for real estate transactions of no less than 300 (three hundred) euro excluding VAT;

C) an average monthly rent excluding VAT. VAT on commercial and office space rents, but not less than 800 (eight hundred) euro excluding VAT. VAT.

D) In the event that “INTERNATIONAL FIDUCIARIES” Ltd., represents both parties to the transaction, the intermediary remuneration is due in the above-mentioned amounts by each of the parties to the transaction on an independent and fit legal basis which is not subject to change and renegotiation.

EXCLUSIVITY

3. In cases where exclusive intermediary rights for a real estate transaction have been agreed between “INTERNATIONAL FIDUCIARIES” Ltd., and the Client/Customer, Client/Customer undertakes in the agreed duration of the exclusivity clause to offer in no way without the participation of “INTERNATIONAL FIDUCIARIES” Ltd. the same property for sale and/or rent, both individually and through a person related to it, within the meaning of § 1 of the Supplementary Provisions of the Commerce Act; through third parties – proxies, including through other brokerage agencies and brokers, incl. not enter into contractual relations with the above mentioned persons in connection with the supply of the same property and that for the same term it undertakes without the participation of “INTERNATIONAL FIDUCIARIES” Ltd., not to negotiate, not to carry out inspections of the property without the presence of a representative of “INTERNATIONAL FIDUCIARIES” Ltd., not to organize surveys and to sign agreements, preliminary and/or final contracts for the transfer or rental of the same property. In the event that Client/Customer violates the above conditions, incl. if a preliminary contract or a final contract for sale or lease is concluded for the property, during the validity term of the exclusivity clause, the transaction is considered to have been concluded through the intermediation / order of “INTERNATIONAL FIDUCIARIES” Ltd., with all the such rights, obligations, responsibilities, and consequences as “INTERNATIONAL FIDUCIARIES” Ltd., is entitled to the respective mediation/order remuneration as well as the rights set forth in Section VIII of these Terms.

4. Under the terms of an Intermediation Contract/Order with an Exclusive Intermediary Clause, the Client/Customer undertakes, within the agreed duration of the exclusivity clause, without the participation of “INTERNATIONAL FIDUCIARIES” Ltd., not to seek property for purchase or lease, do not carry out inspections for the purchase or rental of a property without the presence of a representative of “INTERNATIONAL FIDUCIARIES” Ltd., alone, through a related person, within the meaning of § 1 of the Additional Provisions of the Commercial Law. horse, third party, proxy or through another intermediary or brokerage agency, as well as not to conclude preliminary and final contracts for sale or rent within the same term. If the Client/Customer concludes a preliminary contract for the purchase of a property and/or purchases real estate with a final contract or concludes a contract for the rent of a property due to the nature of the exclusive rights within the term and under the terms of a concluded mediation contract/order contract with an exclusivity clause it is considered that the property has been purchased/rented through the intermediation/order agreement of “INTERNATIONAL FIDUCIARIES” Ltd., with all rights, obligations, responsibilities and consequences of this, as “INTERNATIONAL FIDUCIARIES” Ltd., has the right to the respective remuneration agencyorder agreements and the rights set out below in Section VIII of these Terms.

CONCLUSION OF CONTRACT/ORDER CONTRACT

5. Client/Customer, signed with “INTERNATIONAL FIDUCIARIES” Ltd., Contract for mediation/order for purchase/sale of property, declares that:

A) is the sole exclusive owner of the property;

if the property is in co-ownership mode, it acts with the consent of the other co-owners;

B) if he/she is not the owner that he/she has a valid representative power for the conclusion of the order and his/her power of attorney is not void or withdrawn;

all other owners agree with the sale of the property;

C) Has the necessary documents for ownership, as well as the necessary documents for the transaction;

on the property or parts thereof there are no established collateral and burdens in favor of third parties, including but not limited to mortgages, foreclosures, right of use or other rights of third parties;

D) there are no objective reasons for the sale of the property;

E) in respect of the property or parts thereof, there is no right of a state or municipal authority to effect expropriation on the basis of a detailed development plan or other expropriation procedure or confiscation;

F) no foreclosure or otherwise (including contractual) restrictions on the exercise of rights in the property or parts thereof;

G) the owner’s possession of the property or parts thereof is not impaired or abolished;

H) the owner of the property is not a party to contracts, including contracts relating to the use of the property or parts thereof, which must be terminated or renegotiated or liable to result in financial obligations in connection with the change of ownership of the property;

I) there are no court, security or enforcement cases concerning the rights to the property and the Client/Customer is not aware of any facts or circumstances that may lead to the commencement of such proceedings against him;

J) no claims of third parties (regardless of their form and content) on property under judicial and extrajudicial order;

K) on the property there is no precautionary measure imposed under the Law for Withdrawal in Favor of the State of Property Acquired from Criminal Activity;

L) there is no breach or removal of the Client/Customer’s possession over the property and third parties have no possession or possession over the property;

M) the property is legally built and for it there are all documents establishing its legality, including a building permit and approved investment projects;

N) all reconstructions, reconstructions and major repairs (as far as they are carried out) have been carried out on the basis of duly issued and entered into force permits and approved projects and have been put into operation for which the proper use is allowed, and valid documents in force;

O) there is currently no prescription or other act issued by a competent authority regarding the condition of the property that is not fulfilled;

P) If the Client/Customer is a legal entity: the legal representative or his/her duly authorized representative declares that the owner of the property is a company duly constituted and existing under the laws of the Republic of Bulgaria for which no bankruptcy proceedings have been instituted or actions taken to terminate and liquidation is not in a state of insolvency or over-indebtedness; and that the property and its business are not subject to a special pledge.

6. The Client/Customer who has signed with “INTERNATIONAL FIDUCIARIES” Ltd., Contract for mediation/order for renting a property declares that:

A) is the legitimate owner/co-owner of the property, and/or is duly authorized to carry out rental action;

B) if the property is in co-ownership mode, it acts with the consent of the other co-owners;

C) if he is not the owner, that he has a valid representative power for the conclusion of the order and his power of attorney is not void or withdrawn);

D) all other owners agree with the rental of the property;

that there are no obstacles to the rental of the property;

E) the access to the property has not been withdrawn;

F) third parties have no rights and no claims in respect of the property that would prevent or restrict free access to it, the use of the property and the exercise of the rights under the lease.

7. In the cases when the Client/Customer entities under a Contract for mediation/order are more than one, they shall be jointly and severally liable with respect to the obligations assumed in the contract.

8. The Agency/Order Contract, the annexes to it, as well as all other written agreements between the Customers / Contracting Authorities and International Federation Ltd. may be concluded at a distance, by e-mail, courier or postal item or fax. When entering into a mediation / order, it is considered that the Client / Employer is familiar with these General Terms and accepts the same and expressly agrees that they will be applied in all respects to “INTERNATIONAL FIDUCIARIES” Ltd., arising in connection with and / or on the occasion of mediation activity carried out by “INTERNATIONAL FIDUCIARIES” Ltd., related to the purchase, sale and/or rental of real estate.

9. “INTERNATIONAL FIDUCIARIES” Ltd., has the right to refuse the conclusion of an Agency/Order Contract or to terminate it with a unilateral written notice to the Client/Customer in the following cases:

A) if the requirements and/or conditions set by the Client/Customer are contrary to these Terms;

B) if the requirements and/or conditions set by the Client/Customer, including the sales/rental price requested by the Client/Customer, are not in accordance with market conditions and/or contrary to good manners;

C) if the Client/Customer violates its obligations under the mediation/order agreement and/or these Terms;

D) in case of disrespectful and/or unfair/incorrect attitude towards employees and/or other Client/Customer of “INTERNATIONAL FIDUCIARIES” Ltd., on the part of the Client/Employer.

CONDUCTING REAL ESTATE REVIEWS

10. “INTERNATIONAL FIDUCIARIES” Ltd., organizes and conducts real estate inspections with the Client/Customer entities in the presence of a valid legal relationship between them for intermediary services within the meaning of these Terms. A Viewing Protocol is being prepared for the conduct of the real estate survey organized by “INTERNATIONAL FIDUCIARIES” Ltd. The Viewing Protocol is an integral part of the Agency/Order Contract and verifies the following factual relationships and circumstances that are essential for the realization of the subject of the Agency/Order Contract:

10.1. With the signing of the Viewing Protocol, the Client/Customer confirms that the property(s) subject to the survey have been offered to him and shown to him, and that “INTERNATIONAL FIDUCIARIES” Ltd., has provided him with information and intermediary services concerning the same properties.

10.2. With the signing of the Review Protocol, the Client/Customer confirms that the potential buyer(s) or tenant(s) admitted to his/her property is/have been provided by “INTERNATIONAL FIDUCIARIES” Ltd., as his/her by client/s through the agency/order of “INTERNATIONAL FIDUCIARIES” Ltd.

11. The inspection report (s) shall be drawn up in an original copy, which shall remain in “INTERNATIONAL FIDUCIARIES” Ltd., as well as in two copies identical to the original, one of which for the Client/Customer.

12. In the cases when the Client/Customer is not personally present at the inspection but authorizes an oral and/or written third party to represent it during the inspection, it is considered that the Client/Customer’s proxy is obliged to sign the Review Protocol , and the Client/Customer accepts the actions taken by its proxy as his / her own, and the signed Review Protocol binds the represented Client/Customer in the manner specified in these Terms, incl. has a binding effect with the meaning of item 10 of this section.

13. The effect and meaning of the Viewing Protocol referred to in these Terms and Conditions shall not be changed if the designation, description and/or address of the property under review differs from that indicated in the ownership document due to a change in the administrative address, and/or the non-submission and/or lack of valid ownership documents on the part of the Client/Customer and/or the deliberate misleading of the Employee of “INTERNATIONAL FIDUCIARIES” Ltd., by the Client/Customer regarding the essential characteristics of the propertyfor his exact individualization.

CONCLUSION OF REAL ESTATE TRANSACTIONS

14. As an intermediary in real estate transactions, “INTERNATIONAL FIDUCIARIES” Ltd. Obligatory participates in the conclusion of a preliminary contract for the purchase and sale of the property, a contract for renting the property, agreements for providing a deposit/deposit and any other agreements between the Client/Customer dealing with a property deal.

15. The preliminary contract or the rent contract shall be drawn up in the respective number of copies with a copy for “INTERNATIONAL FIDUCIARIES” Ltd.

16. “INTERNATIONAL FIDUCIARIES” Ltd.,undertakes the obligation to assist the parties to the transaction in order to find mutually advantageous decisions in case of disputes and to settle the contradictions. “INTERNATIONAL FIDUCIARIES” Ltd.,does not guarantee the fulfillment of the obligations assumed by the parties under the concluded contracts and is not responsible for their non-fulfillment.

INTERMEDIATE REMUNERATION

17. The Client/Customer owes remuneration under the conditions specified in the concluded Intermediation/Order Contract or any other agreement between the Client/Customer and “INTERNATIONAL FIDUCIARIES” Ltd.

18. The refusal of the Client/Customer from the intermediary services provided by the contract, provided by “INTERNATIONAL FIDUCIARIES” Ltd., shall not be a reason for reduction, non-payment or non-payment of the remuneration specified in the contract.

19. The amount, the term and the ways of payment of the fee for performing the mediation service shall be determined in accordance with the concluded Agency/Order Contract or other agreement between the Client/Customer and “INTERNATIONAL FIDUCIARIES” Ltd., and if such are not expressly established between the parties, are governed by these Terms.

20. The Client/Customer/Seller, the Lessor, the Buyer, the Tenant owes remuneration to “INTERNATIONAL FIDUCIARIES” Ltd., in the cases where:

20.1. The Client/Customer or a related party within the meaning of § 1 of the Supplementary Provisions of the Commerce Act, either alone or through third parties – proxies and intermediaries, entered into a deal with the property with a person presented to it by “INTERNATIONAL FIDUCIARIES” Ltd.;

20.2. The Client/Customer changed the agreed sale/rental price of the property, as a result of which the transaction with the property was frustrated;

20.3. The Client/Customer renounces a deal with the property with a potential buyer/seller/tenant, submitted by “INTERNATIONAL FIDUCIARIES” Ltd., or the transaction is not carried out for reasons for which only the Client/Customer is responsible, incl. in case of violation of the declarations under items 5 and 6 of these Terms;

20.4. After the termination of the agency/order contract, the Client/Customer concluded a transaction with a client, provided to it by “INTERNATIONAL FIDUCIARIES” Ltd.;

20.5. In the event of a violation of the exclusivity clauses referred to above in Section V of these Terms without the need to prove that the transaction was performed through mediation or by virtue of another agreement with the help and assistance of “INTERNATIONAL FIDUCIARIES” Ltd.;

20.6. The Client/Customer has entered into a deal with the property with a person affiliated with a client of “INTERNATIONAL FIDUCIARIES” Ltd., within the meaning of § 1, paragraph 1 of the Commercial Code or a person with whom the Client/Customer is in close relationship or a person to whom the Client/Customer is a creditor or debtor or a person present as his companion during the inspection of the property or a person who has requested from “INTERNATIONAL FIDUCIARIES” Ltd., and has received on behalf of the Client/Customer information about the property in connection with the execution of a brokerage transaction.

20.7. After the Termination of the Agency/Order Contract, the Client/Customer entered into a transaction with a property that was subject to a signed Review Protocol.

21. The Client/Customer owes additional remuneration to “INTERNATIONAL FIDUCIARIES” Ltd., if he/she assigns to him/her actions that are outside the originally agreed terms.

22. Whenever the amount of the due remuneration cannot be established or proved by a written contract/order or any other written agreement or document signed by the Client/Customer, it is assumed that the Agency/Order Contract is an oral the remuneration due shall be deemed to be the usual remuneration of “INTERNATIONAL FIDUCIARIES” Ltd., referred to in item 2.12 of these General Terms.

23. Whenever the maturity of the due intermediary remuneration cannot be established or evidenced by a written contract/order or any other written agreement or document signed by the Client/Customer, it is assumed that the maturity of the remuneration is as follows:

A) on transactions for purchase and sale of real estates – on the date of signing of a preliminary contract for sale and, if no such contract has been concluded, on the date of signing the final contract for the purchase and sale of the property before its entering into Office of Registry with Registry Agency;

B) on rental contracts – on the date of conclusion of the lease.

24. “INTERNATIONAL FIDUCIARIES” Ltd., has the right to negotiate other than the usual intermediary remunerations, as well as to negotiate different remunerations, depending on the type of the property, the market situation, the factual and legal complexity of the transaction, only when this is expressly agreed with the Client/Customer.

NON-PERFORMANCE

25. In the cases where the Client/Customer fails to fulfill a commitment or commitment to a transaction or opts for a transaction, including the Preliminary Contract and/or the Agency/Order Contract, depending on the extent of the performance of its obligations, “INTERNATIONAL FIDUCIARIES” Ltd., has the right to request at its sole discretion: or the minimum expenses mentioned above in item 2.12. or the usual remuneration for the work done.

26. If the Client/Customer under a signed agency/exclusivity contract does not fulfill and/or breach its obligations under this clause and/or terminates the Contract prior to the term agreed upon, it shall owe to “INTERNATIONAL FIDUCIARIES” Ltd.,  default on amount of 50% of the agreed intermediary remuneration or, as the case may be, of the Ordinary Intermediate Remuneration calculated on the basis of the Price requested by the Client/Customer.

27. If the Client/Customer has delayed the payment of the intermediary remuneration and/or other payments under the agency/order contract, it owes “INTERNATIONAL FIDUCIARIES” Ltd., a default interest rate of 1% (one percentage point) on the value of the delayed payment for each delayed day, but not more than 36% (thirty-six percent) of the total amount of the remuneration.

28. If the Client/Customer concludes a transaction with a client or property subject to a Agency/Order Contract, pursuant to a concluded Agency/Order Contract or other agreement, without the knowledge of “INTERNATIONAL FIDUCIARIES” Ltd., or delaying the payment of an agency/order services for more than 15 (fifteen) days from the date of maturity, or refuses to pay the agreed remuneration or pays only part of it, in each case “INTERNATIONAL FIDUCIARIES” Ltd., has the right to claim payment of the full amount of contract the mediation fee, together with a penalty of 50% on that amount.

FINAL PROVISIONS

29. Any dispute over the execution of Agency/Order Contracts, other Agreements and/or these General Terms, including disputes concerning their interpretation, application, performance, non-performance, termination, invalidity, disputes related to gaps in the same, and/related documents and/or these General Terms or their alignment with new circumstances will be settled by mutual agreement between the parties or, if this proves impossible, will be settled to resolve before the competent Bulgarian court.

30. At any moment of the provision of a professional service for which professional knowledge and skills are required by a lawyer, “INTERNATIONAL FIDUCIARIES” Ltd., acts only as a provider of information under the Electronic Commerce Act, neither modifies nor initiates the transmission of the same, nor selects its recipient. “INTERNATIONAL FIDUCIARIES” Ltd., is not a party to the relationship between the Client/Customer and the Attorney, when such is caused by or in connection with the provision of services on this site to “INTERNATIONAL FIDUCIARIES” Ltd., (www.ifiduciaries.com). Upon the acceptance of these General Terms, the Client/Customer agrees that he will not at any time seek the responsibility of “INTERNATIONAL FIDUCIARIES” Ltd., for the relations of the Client/Customer with attorneys and/or accountants with whom he has contacted by using the services of “INTERNATIONAL FIDUCIARIES” Ltd.,, for which the Client/Customer decides on its own discretion whether to enter into a separate contractual relationship with a lawyer subject to a separate contract for which the present General Terms are not in force.

31. The personal data of the Users of this site – www.ifiduciaries.comare processed by “INTERNATIONAL FIDUCIARIES” Ltd., in accordance with the principles set forth in the Bulgarian Personal Data Protection Act (“PDPA”) and Council Regulation 2016/679 and the European Parliament of 27 April 2016 on the protection of individuals with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46 / EC (Single Data Protection Regulation) below Regulation 2016/679. To get acquainted with the Privacy Policy of “INTERNATIONAL FIDUCIARIES” Ltd., you can get detailed information HERE!

32. In establishing permanent commercial relations with natural persons, “INTERNATIONAL FIDUCIARIES” Ltd., in accordance with the provisions of Art. 4, item 15, b. “A” and b. “C” of the Money Laundering Measures Act (LMML), undertakes to identify its clients. Pursuant to Art. 2, para. 1 of the Regulations for the Application of the LMML in relation to Art. 6, para. 1, item 2 of the LMML, the identification of the clients and the verification of the identification of the individuals shall be carried out by presenting an official identity document and taking a copy of it. “INTERNATIONAL FIDUCIARIES” Ltd., is obliged to collect and process information, representing personal data for individuals pursuant to Art. 4, in connection with Art. 10 and Art. 11 of the Measures for the Prevention of Money Laundering Act.

33. The official text of this General Terms shall be the Bulgarian language, and any interpretation or construction of this General Terms shall be based thereon. If this General Terms or any documents or notices relating to it are translated into another language the Bulgarian version shall be controlling in the event of discrepancy between the two.

34. These General Terms have been accepted by “INTERNATIONAL FIDUCIARIES” Ltd., and are published on the website at www.ifiduciaries.com

35. “INTERNATIONAL FIDUCIARIES” Ltd., reserves the right to amend and supplement these General Terms, and the amendments/supplements shall enter into force with their publication at: www.ifiduciaries.com