1. Our terms
1.1. Parties. In these terms Keystone Law Limited is referred to as “Keystone/we/our/us”. The clients of Keystone are referred to as “you/your”. This includes those authorised to provide instructions on the client’s behalf.
1.2. Our status. We are an English limited liability company and part of an international network of firms trading as Keystone Law in Europe and as Keypoint Law in Australia.
1.3. Professional titles. We use professional titles to designate the seniority and the role of our colleagues. Those we call ‘Partners’ are solicitors, barristers, trademark attorneys and other legal or tax professionals with at least eight years’ standing as such. The title ‘Partner’ is a professional title only. Our Partners are not partners in the legal sense. They are not liable for the debts, liabilities or obligations, nor are they involved in the management of any entity in our international network.
1.4. Entire terms. These terms (and any linked conditional or damages-based fee agreement) are the only terms between us. Save as explained below, they will not change unless we replace them in their entirety. In the event of any conflict between these terms and any linked conditional or damages-based fee agreement, then the terms of the latter shall prevail.
1.5. Invalidity. If any term is invalid, then it shall be deemed changed just in so far as necessary to make the term valid. Where that is not possible, then the invalid term shall be deleted. No change or deletion shall affect any other term.
1.6. Joint engagement. Where we act for more than one client, then the engagement is a joint engagement.
2. Our charges
2.1. Fees. The way we charge for our services is set out in our Engagement Letter (and any linked conditional or damages-based fee agreement) and may be varied by us in writing. We may offer a fixed or a capped fee. If so, we will set out the scope of work we will deliver for that fee. A fixed or capped fee will be based on assumptions and conditions. Where these do not hold true, for work outside the agreed scope and for all work not subject to a fixed or a capped fee, we charge for the time we spend working for you at our hourly rates. We record the time spent on your work either to the nearest minute or in six-minute units. We review all rates at least annually and will give you one month’s written notice of any increase. In addition, rates charged in respect of individual lawyers may increase as they increase in seniority. We may uplift our rates or our bill where the urgency, complexity, risk or timing justifies doing so. Rate and bill increases are deemed accepted by you 31 days after we notify you of the change, unless you object to the same in writing to your main point of contact at the Firm.
2.2. Estimates. Any estimates we provide are based on conditions, assumptions and our understanding of the work we are to undertake. An estimate is not a cap and we may exceed our estimates.
2.3. Support services. Our Rate Card sets out our charges for support services. We update our Rate Card annually (see www.keystonelaw.com/rate-card).
2.4. Disbursements. In connection with your matter we may incur expenses (“disbursements”). We will do so as your agent and you will be bound to pay the relevant third party for the relevant goods or services. That third party will bill us and we will in turn bill you at cost. We may also engage third parties in our own name as part of our service provision to you. If so, we will not charge these to you, though in some cases we will make a linked charge for our related services.
2.5. VAT. We quote prices exclusive of Value Added Tax (“VAT”). We add VAT to our invoices at the prevailing rate as applicable.
3. Costs on account
We may need to ask you for a payment on account of costs, disbursements and VAT. If so, we will send you a costs on account statement requesting payment of an appropriate sum into our client account. From time to time, we may ask for a top-up payment. At the end of our engagement, we will return any balance to you. If we ask for costs on account, we are not obliged to do any work or incur any disbursement until they are received, though we may agree to start work, pending receipt of costs on account. We may terminate this engagement if you fail to pay costs on account within any reasonable time limit that we set. Unless we specifically say so, we do not cap our fees at the level of the costs on account we request. We may apply any costs on account you pay at our discretion.
4.1. Invoices. You agree we may deliver interim statute invoices. Unless clearly stated on the face of an invoice to the contrary, all our invoices are self-contained final accounts for the period they cover. We may invoice periodically and at any point. Disbursements-only invoices are payable on receipt, regardless of the payment terms we agree. Save where expressly permitted by law, we can only address an invoice to you, even if someone else is to pay it. We also may issue interim “on account” invoices, also known as “interim non-statute invoices”. If so, these will be marked “Interim Non-Statute Invoice”. These may be for more or less than any sums later charged in any related statute invoice.
4.2. Settling invoices. You can pay us by bank transfer or card payment. Card payments normally take three working days to reach our account. Our refund policy applies to all card payments (see keystonelaw.co.uk/payments/refund-policy). We accept debit cards and credit cards. The maximum you can pay us by credit card in any 30-day period is £20,000. Our account details are on our invoices and you should only make payments to this account in respect of our fees.
4.3. Payments in. You must quote our reference number with every payment. Sending money without our reference may delay our receipt of your payment. On request, you must confirm the source of the payment and your source of wealth. We may return the funds at your cost and we may charge you for any checks required as a result of a breach of this paragraph 4.
4.4. Payments out. Money will only be paid from our client account with your instructions in our standard form, except to pay our fees and disbursements or following a court order.
4.5. No liability.We are not liable for any loss whatsoever as a result of our complying with your payment instructions. We are not liable for any failure toact upon or any delay in acting upon your payment instructions, to the extent your payment instructions are in any way wrong, unclear or incomplete, where you do not comply with paragraph 4.3 and where we act reasonably in compliance with our duties governing the transfer of funds.
4.6. No cash. We do not accept or make cash payments.
4.7. Currency conversion. If you pay us in another currency (not the currency in which payment was requested), we will convert the payment at NatWest’s standard exchange rates and deduct any charges we incur in receiving such funds. You remain liable for any shortfall after conversion and deductions.
4.8. Interest on overdue amounts. We will charge you interest on all overdue amounts at the rate permitted by the (English) Late Payment of Commercial Debts (Interest) Act 1998 (regardless of whether that statute applies to this engagement). If we need to incur costs in recovering unpaid amounts from you, you agree to pay our costs of doing so in full. If you do not respond to our credit controllers within a reasonable time, we may investigate you ourselves or using third parties to establish your current address and financial position.
4.9. Payment from money we hold. If we hold any money for you, we may use it to settle anything you owe us, even if you tell us not to.
4.10. Retention. Until all payments due to us have been made, we may keep your property and documents. We may also keep your funds up to the amount of your unpaid bills and any work in progress plus (if the funds in client account are in a different currency from our invoice) an extra 25% of the amount owed to us in case the Sterling value of funds we hold for you falls. This is in addition to our rights to a lien on your property. We expressly reserve our right to our lien, even where we take security from you for our costs.
4.11. Each client is liable. When two or more clients together engage us, each client is jointly and severally liable to pay the full amount of our fees, disbursements and VAT.
4.12. Security. Before sending us funds, you must reconfirm our bank details by telephoning the number on our website and speaking either with your primary contact or our cashiers. When paying us, check the payee name is Keystone Law. We will not change our bank details. If you receive any correspondence suggesting that our bank or contact details have changed or raising any concerns in this respect, you should take no action save contacting your primary contact at Keystone. We reserve the right not to make any transfers without adequate proof that the transfer is properly authorised, lawful and correct. Usually, we require you to confirm your instructions both in writing and by telephone.
4.13. Interest on client account. We apply the relevant interest rate to funds held in our client account as per our client account interest policy (available on request).
4.14. Bank default. Money paid into our client account (or for fees not yet due, into our office account) is held at our bank on trust for you. If our bank becomes insolvent or does not carry out our instructions promptly, we are not liable for any loss or damage caused to you.
5.1. Our liability. We are only liable for the foreseeable losses caused directly by a breach of our obligations. We are not liable for any harm to your reputation, or any loss of profit or for any indirect or consequential loss or damage. We are not liable for matters outside our control. We are not liable to the extent that any loss is due to the provision to us of false, misleading or incomplete information. We are not liable for any loss arising from our compliance with what we reasonably understand to be our statutory or professional obligations.
5.2. Liability of others. Where you or others contribute to your loss, then we will be liable only for a fair proportion of your loss, taking into account your or such other’s actions.
5.3. £5 million cap. Our total liability to you (and to any other party we have agreed in writing may rely on our advice) is limited to £5,000,000. This limit applies to all claims in relation to any single matter or any group of connected matters. Where we work for more than one client on a matter, this limit applies to our total liability to all of them. This limit has been taken into account in setting our charges. You can request an increase where you believe this is not reasonable. If you do so, we may increase our charges.
5.4. No liability to anyone but you. The services we provide are only for you and to be used only in connection with the matter on which we are instructed. Nobody else can rely on our advice (or see a copy) for any purpose, without our written permission, save where permitted by law. We owe no duties to anyone but you. You may not assign all or any part of your rights and benefits in tort, under these terms or otherwise.
5.5. No one is liable except us. If a claim arises, connected to our work, you can only claim against us, not against any of the following (even if they have been negligent): our shareholders, members, partners, directors, officers, associates, employees, consultants, barristers, solicitors, assistants, agents or other legal professionals (“staff”) or any of the same at a firm in our network. If anyone signs a document in his own name, that does not mean the signatory accepts any personal legal liability. Each person mentioned in this paragraph can enforce it under the Contracts (Rights of Third Parties) Act 1999. To the extent that a competent court allows you (and any other party that we have agreed in writing may rely on our advice) to make a claim against our staff, and to the extent that you do, then the maximum liability of this firm and our staff combined pursuant to paragraph 5.3 shall reduce to the lowest legally permissible limit of liability.
5.6. Earlier statements. We offer to act for you on the basis that you have not relied on any statement or promise from us or from any of our staff. If that is wrong, please write to us straightaway to say so.
5.7. Liability that cannot be limited. Nothing in these terms limits any liability that cannot legally be limited, such as (without limitation) for fraud on our part, or for death or personal injury caused by negligence.
5.8. Contribution. Our liability to you will be limited to that proportion of any loss or damage you may suffer as is just and equitable, having regard to the extent of your own responsibility for the loss and damage and that of any other person who may also be liable to you in respect of it.
5.9. Inability to enforce against others. In connection with any claim you may have against others, no account is to be taken of any inability on your part to make such a claim or to enforce any remedy, nor is any account to be taken of the means of that person, any time bar, any exclusion of or any limitation of liability by that person.
5.10. Claims by others. You shall indemnify us against all loss, costs and expenses we incur as a result of acting properly for you.
6. Our legal advice
6.1. Jurisdiction. We will only advise you as to the application of the laws of the Isle of Man. Our network includes firms in England and Australia (in Australia we trade as Keypoint Law). Each network firm practises only its local law (save in England in relation to relevant elements of EU law) and does not practise in any other jurisdiction. Any advice we or they may give you in relation to other jurisdictions is generic advice only applying Isle Of Man law and common legal principles; it is not legal advice and you must not rely on it as such. If you require local legal advice, you must tell us in writing. We will then introduce you to a law firm authorised in the relevant jurisdiction.
6.2. Relevant information. You must ensure you, and anyone else you instruct on this matter to work with you, tell the lawyers working on this matter everything they need to know in order to work for you without delay. This includes anything you have told us in the past if we worked for you before. You must always be truthful and open with us.
6.3. Changes in law and your situation. We will advise you according to your situation as you explain it to us and the law in force when we give our advice. We will not update our advice once we have delivered it to you unless you ask us to do so in writing. If you believe your situation may change after we give our advice, you should tell us how in writing and ask us to factor this in to our advice. Changes in the law and to your situation can be especially relevant to any tax you may be required to pay.
6.4. Change in scope. If we agree to change the scope of this engagement, then we will record that in writing with you. If so, the revised scope will become part of our entire agreement.
6.5. Purpose of our advice. You shall only instruct us for proper lawful purposes.
7. Work done by others
7.1. Engaging others. Where we believe it is in your interests, we may introduce you to third parties to work for you. We make no recommendation and the decision to engage them is yours alone. If you wish to engage them, you would usually do so directly. Where appropriate, we may act as your agent and, if so, their charges will appear as a disbursement on your bill (see paragraph 2.4).
7.2. If you need the services of a barrister, we will engage them on your behalf. We may do so in such a way that creates a direct contract between you and them under basis C of the Commercial Bar Barrister’s Terms (see https://www.combar.com/about-us/contractual-terms) and you expressly authorise us to bind you to such a contract, or we may engage them where the contract is between us and them. In all cases, you are responsible for the fees of all such third parties.
7.3. Reliance. We will rely on the work and advice prepared by you and your other advisers (including those you may engage through us).
7.4. Responsibility. We are not responsible for any action, omission, error or deficiency of anyone you engage whether directly or through us.
8. Recruiting our staff
8.1. Introduction fee. You must pay us an introduction fee if, from now until 12 months after this engagement ends, you contract (directly or indirectly) with any member of staff in any network firm, other than through us or that network firm, without our written consent.
8.2. Calculating the fee. The introduction fee for a staff member is 25% of everything you pay or agree to pay (directly or indirectly) in connection with the services that person delivers for you in the 12 months starting the day that person starts providing those services.
8.3. Existing clients. We will waive the fee at the request of the staff member if he or she introduced you to us in the first place.
9. Use of information
9.1. Source of information. We may receive information about you and other individuals directly from you, from a third party connected with you and from a third party connected with us.
9.2. Confidential information. We safeguard all the confidential information you disclose to us. We may share your information within our network. We may also share your information with our insurers, our bankers, our regulators, our professional advisors, our auditors, our staff and the staff of our network firms. In order to provide you (or your organisation) with our services, we may share your personal data with the courts, with lawyers advising other parties in your matter, or with other professionals (such as overseas law firms, patent agents, forensic accountants, experts or barristers). We will also share your information with others where you allow it, where required by law or regulation, as part of a file audit, where required by our insurers or where we think it allows us to give you a better service. We will not otherwise share your personal information with any third party except where permitted by data protection law.
9.3. Multiple clients. When two or more clients together engage us, each client authorises the sharing with the other(s) of any information it provides. If one or more clients terminate this engagement, we may still use all the information provided to us during this engagement for the benefit of the remaining client(s).
9.5. If you are a data controller or data processor. If you are a data controller or data processor for others, and you provide to us personal data relating to others, then you confirm to us that you have a lawful basis for doing so under data protection law and where that basis is consent, then you confirm you have secured the consent of the data subject to our using their data as part of our acting for you.
9.6. Special category data. During the course of our engagement, we may need to use special category data. Your acceptance of these terms is your explicit consent to our processing any special category personal data as part of your instructions to us. Special category data is personal data revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership and the processing of genetic data, biometric data for the purpose of uniquely identifying a natural person, data concerning health, or data concerning a natural person’s sex life or sexual orientation.
9.7. Data controller. When we use personal data about you or others in connection with our engagement, we do so as data controller. Our contact details are set out on page 1 of our Engagement Letter and communications relating to data protection should be addressed to email@example.com or to our postal address, marked for the attention of the Privacy Manager.
9.9. Lawful basis of processing. Before accepting your instructions, we may need to carry out certain checks (e.g. anti-money laundering and conflict checks). If so, we process your personal data to comply with our legal obligations. When we are providing our advice to you, we process your personal data to provide legal services to you and to comply with our contractual obligation to provide such services. We will also process personal data where it is in our legitimate interests to do so (for example, as part of the administration of our business and keeping our systems secure).
9.10. Categories of personal data obtained. The core categories of personal data which we use to provide our legal services to you are: name, email address and other contact details; correspondence with us; bank account details and/or other billing details; and copies of your passport, driving licence, birth certificate, national identity card, utility bills and/or other identifying information required to be provided to us for anti-money laundering purposes.
9.11. Sharing your personal data. Your personal data may be included in the information we share with others as set out in paragraph 9.2. We require the recipient to safeguard it. Typically, any recipient would then become the data controller of the shared data and owe you duties as such. We are not responsible for any use, misuse or loss of your data by third parties with whom we share your data. If you want us to conduct an assessment of that third party’s systems before sending them your data, please let us know.
9.12. International transfers. We may hold copies of your personal data and other data on computers outside the UK. Sometimes we will share personal data with third parties outside the UK. If we do this, we will comply with the rules in the UK General Data Protection Regulation.
9.13. Data retention. We store some files digitally and others in hard copy. In each case we may use third parties to store your files. We keep files for fifteen to twenty-one years, or longer if required by law. This is explained in more detail in Information Retention Policy. You can request a copy of this any time.
9.14. Destruction and retrieval. We will destroy your files at the end of their storage period, or earlier with your and our consent. Please write and tell us if you object to this. We will charge you if you want us to retrieve your files after we have completed our work.
9.15. Access to file. Where we act for more than one client on the same matter, then that file will belong to all those clients jointly, but not severally. If you would like a copy of your file, then you irrevocably agree that we must not provide the same to you without the prior written consent of all the other clients who also jointly own that file.
9.16. Your rights. We comply with the Data Protection Act 2018 and the UK General Data Protection Regulation (“data protection law”). To the extent the data protection law applies to you, you have the following rights: the right to be informed; the right of access; the right to rectification; the right to erasure; the right to restrict processing; the right to data portability; the right to object; and certain rights in relation to automated decision making and profiling. Where our lawful basis for processing your personal data is consent, you have the right to withdraw consent. You can find out more about your rights on the Information Commissioner’s (IC) website at www.inforights.im.
9.17. Supervision (personal data). If you have any questions or concerns, or if you want to exercise your legal rights regarding your data, then you should write to us at firstname.lastname@example.org or our postal address, marked for the attention of the Privacy Manager. We would ask you to use that address as well should you have a complaint. We are supervised by the IC and if you prefer, you can make a complaint to them at any time.
9.18. Failure to provide personal data. We may find it hard to advise you if you do not provide us with information we request (which may include personal data).
10. Insurance and regulation
10.1. Insurance. We maintain professional indemnity insurance in accordance with the rules of the Law Society of the Isle of Man (the “Law Society”). Please ask if you would like a summary of this insurance.
10.2. Legal services. We are a law firm authorised and regulated by the Law Society.
10.3. No investment advice. We do not give advice on the merits of investment transactions or act as a broker or an arranger of investment transactions. No communication from this firm should be interpreted as an invitation or inducement to engage in any investment transaction or other investment activity. We are not entitled to communicate invitations or inducements to engage in investment activity on your behalf.
10.4. Undertakings. By engaging us to work for you, you irrevocably authorise us to:
a.) give any undertaking that is a normal part of our work for you, and to
b.) take the necessary action to fulfil our undertaking.
If a proposed undertaking is particularly important or not a normal part of our work, then we may refuse to give it until you give us express written authority in our usual format.
10.5. Investigations. If as a result of properly acting for you, we are required to respond to a notice or order from law enforcement, we may charge you for that work at £375 per hour. You shall also be responsible for any connected reasonable expenses we incur. We shall inform you of this if and when permitted.
10.6. Reporting. You will promptly report to us if you think we or any of our colleagues may have acted improperly or breached any law or professional rule.
11. Proof of identity and sanctions
11.1. Proof of your identity. Before we can start work, we must have documentary proof of your identity and, where relevant, that of your beneficial owner(s). We may also ask you to explain to us the source of your funds and wealth. This information may be renewed every two years. We may verify your identity (or that of your beneficial owners) by:
a.) searching a third-party database. This may leave a footprint on your credit file, but it will not affect your credit rating.
b.) asking you for original documents or for copies certified by another solicitor or by a regulated professional.
You agree to provide the documents we request, and to our holding the same on our matter files as well as in our anti-money laundering records and you agree that we may carry out electronic checks on you. We will not usually charge you for undertaking identity checks, but we may if the checks are significantly more time-consuming than we would normally expect. Unless you instruct us otherwise, we shall only use the documents you supply to prevent money laundering and terrorist financing.
11.2. Proof of others’ identity. We will rely on you to check that others involved in a transaction are who they claim to be. Or, if you ask us in writing, we will be happy to check this for you.
11.3. Storing identity documents. We will keep copies of all documents provided to us as proof of identity for five years after we finish working for you on any matter. After that, we will destroy them.
11.4. Reporting. We are professionally and legally obliged to keep your affairs confidential. However, where permitted, we may make disclosures to applicable regulators, tax authorities and law enforcement. If we are required to make such a disclosure, we may need to stop work and may not be able to tell you that a disclosure has been made.
11.5. Sanctions. You must tell us if you or our engagement are in any way directly or indirectly affected by any sanctions. If you require advice on sanctions, then you must request this in writing. Our acceptance of you as a client and of working on your matter is not advice that you and your matter are not covered by sanctions and you must not rely on it as such. Where you ask us to conduct sanctions checks, we will charge £375 per hour for doing so. Where we believe sanctions may apply to your matter, we may require you to instruct us to advise on sanctions as a condition of our advising you.
12.1. Independent review. If you are not happy with our service, then you should let us know. We will try to resolve your concerns. If you continue to have concerns, then our Complaints Policy sets out how you can take the matter further. This is on our website and also available on request. If for any reason we are unable to resolve the problem between us, then you may be able to ask the Law Society to consider the complaint. It may prejudice your application if you delay in taking the matter to the Law Society following our final determination of your complaint.
12.2. Fees. If you are unhappy about our fees at any point, then, in addition to the remedies set out in our Complaints Policy, you may apply to court for an assessment of an invoice under section 23 of the Advocates Act 1995 by either the Chief Registrar or an assessor nominated by the Law Society. Applications to the court for assessment of our fees should be made without delay and where possible within six months and you may wish to seek independent legal advice.
13.1. Communicating with us. If you email us, then, unless you inform us to the contrary, you agree that we may communicate with you by email to any email address that is contained on any communication from you to us or published, for example, on a website. By emailing us or otherwise providing an email address to us, you authorise us to deliver our invoices to you by email to any of your addresses. Contact us at email@example.com if you also wish to receive additional copies of any bills by post. You must notify us without delay of any unauthorised use of your email account(s). We deal with complaints by post. If you have a complaint, then you should set out your concerns in a letter and in accordance with our Complaints Policy.
13.2. File sharing. We can provide secure methods of file sharing. We are not responsible for any other method of file sharing we use at your request and you accept it may not be secure.
13.3. Accepting service. Unless expressly agreed in writing, we do not accept service of documents by email.
13.4. Authority. It is your responsibility to tell us any limits on the authority of those who tell us what to do for you. We may accept instructions from anyone we reasonably believe you have authorised.
13.5. Irrevocable instructions. Where you provide an irrevocable instruction, then we may rely on it even after the end of this engagement and even if you purport to revoke it.
14. Termination and suspension
14.1. Your rights. You may end this engagement at any time by writing to us. Where this is a joint engagement, then any client may do so. Where any client who is an individual dies and any client which is an entity with legal personality ceases to be such an entity, then that shall terminate this engagement. Termination takes effect on the earliest of our written acceptance of your termination, our learning of your death/dissolution or one clear working day after we receive your termination notice. You will still have to pay for all work done before we receive your notice of termination. Where we were engaged under a fixed fee, we will invoice the entire fee. If that would be unprofessional, then we will invoice on the basis of time incurred and this shall override any other provision we agree.
14.2. Our rights. We may suspend our services or end this engagement at any time if we have good reason. If so, we will let you know and will do so in writing on request. Examples of a good reason to end our services would be if:
a.) you have not done as agreed in this letter and terms.
b.) you have not paid an invoice when due.
c.) you have not provided costs on account when requested.
d.) you have not provided adequate instructions.
e.) you and we no longer have trust and confidence in each other.
f.) our work for you conflicts with our regulatory duties.
g.) you refuse to accept an increase to a bill or our hourly rates.
h.) we reasonably believe our providing services may not be in compliance with the letter or spirit of any sanctions laws.
If we suspend our services or end our engagement with you on this matter, then we may also do so on any engagement where you are (directly or indirectly and solely or with others) our client or are in any way linked to our client. Upon suspension or termination, we may invoice all our work in progress and disbursements on that matter, which shall be payable immediately.
14.3. Effect of termination. If we or you terminate this engagement, then after termination (in the absence of a new expressly agreed engagement in writing) you will not be able to instruct us to act for you in any way and we will not do any further work for you, other than work linked to ceasing to act for you, and then only at our option. For example, we may apply to the court to come off the record and we may hand over your matter to you or your new advisers. We will charge for these services. These terms will survive termination. If you require further assistance, we can discuss setting up a new engagement.
14.4. End of duties. Unless otherwise terminated, our engagement and our duty of care to you will end on the earliest of: (1) our completion of the scope of work set out in our Engagement Letter, (2) our confirmation to you that the engagement is at an end, or (3) delivery of our final bill to you. The exception to this is where we are clearly actively engaged in your matter after its completion. In such case, our engagement and our duty of care to you will end once we are no longer clearly and actively engaged in your matter.
15. Law and claims
15.1. Isle of Man Law. We comply with the laws of the Isle of Man and references to statute in these terms are to provisions in force in the Isle of Man. Our conduct is governed by the laws of the Isle of Man.
15.2. English law. Subject to the laws of the Isle of Man, English law governs this and all future engagements and any dispute or claim arising out of it or in connection with them. Any dispute or claim (including non-contractual disputes or claims) regarding their subject matter or formation shall also be governed by and construed in accordance with English law.
15.3. English jurisdiction. Subject to the laws of the Isle of Man, the parties irrevocably agree that the courts of England and Wales have exclusive jurisdiction to settle any dispute or claim against us, our officers and our staff that arises out of or in connection with this and all future engagements or their subject matter or formation (including non-contractual disputes or claims). Notwithstanding this, not every jurisdiction recognises English law and judgments, so we reserve the right to bring proceedings in any court of competent jurisdiction and/or to revert to arbitration. We may bring proceedings against you in any other court of any competent jurisdiction.