The Old Brewery, The Broadway, Newbury, Berkshire, RG141AU

Company No. 06969264  VAT No. GB976170004

Parachute Studios Ltd. Terms and Conditions of Contract

Your failure to highlight any issues regarding this document within fourteen days of issue, raising or acceptance of a purchase order or agreement of work with Parachute Studios Ltd. will constitute your acceptance of, and agreement to be bound by all the terms and conditions laid out below:

1. Unless agreed otherwise in writing, all invoices must be paid within 31 days.

2. For invoices over £2,500 sterling, Parachute Studios Ltd. will require 50% of the invoice paid as a deposit prior to commencement of work. The remaining 50% shall be payable on completion of work and within 31 days.

3. For jobs involving the purchase of external goods and services from third parties, Parachute Studios Ltd. may require payment prior to commencement of work or prior to purchase of external goods and services from third parties.

4. Parachute Studio’s fees shall be exclusive of costs and expenses related to the agreed programme such as courier services, postage, overseas telephone charges, colour photocopying, photography and prints, disk or tape duplications, creation of audio/video streaming files, travel, accommodation, subsistence, fax charges and similar items which will be invoiced to the client on the relevant project, or separately as necessary.

5. If payment is not received within 31 days of the invoice date, Parachute Studios Ltd. will charge interest at a rate of 2% per month, which will be added to the client’s account.

6. Payment may be made by bank transfer, cheque or cash.

7. All cheques must be made payable to Parachute Studios Ltd.

8. The customer’s requirements must be clearly provided to Parachute Studios Ltd. in writing prior to commencement of work and any minor revisions are to be completed at the discretion of Parachute Studios Ltd.

9. Major revisions to a project, will be deemed a change of contract and may the need for a new contract and/or incur additional costs at the discretion of Parachute Studios Ltd.

10. A client may terminate the contract at any time by written notice of termination, but they will remain liable to pay in full for all work previously undertaken and in progress by Parachute Studios Ltd. unless any other written agreement is reached in advance.

11. Any monies (excluding deposit) held on account and unused will be returned subject to a 5% administration charge.

12. Parachute Studios Ltd. reserves the right to refuse to use, publish or broadcast any information it considers obscene or morally unsuitable or which would breach copyrights, or which is libellous, defamatory or illegal. Should such a submission occur, the customer will be advised which information was deemed unsuitable, and requested to amend the information.

13. Parachute Studios Ltd. cannot be held liable for loss or damage caused as a result of third party action or failure.

14. The client shall provide appropriate security arrangements for any filming outside of the United Kingdom for which Parachute Studios Ltd. provides crew or equipment and such arrangements shall be notified to Parachute Studios in writing in advance of travel to that jurisdiction.

Parachute Studios Ltd

The Old Brewery, The Broadway, Newbury, Berkshire, RG141AU
Company No. 06969264  VAT No. GB976170004

15. Parachute Studios Ltd. cannot be held liable to any party for any errors on any medium after the customer has agreed in writing that the content is correct and accurate and should be posted, published or broadcast.

16. If the duration of a project exceeds three months, Parachute Studios Ltd. retains the right to amend the quote, unless there is written agreement prior to commencement of work.

17. Parachute Studios Ltd. will not commence work on any project until a purchase order or equivalent document has been provided by the client, however, at our discretion, we retain the right to accept email confirmation as a go-ahead with all legal effects as a Purchase Order.

18. Parachute Studios Ltd retain the ownership and intellectual property of all generated content unless there is written agreement prior to commencement of work.

19. Any confidential or proprietary information which is acquired by Parachute Studios Ltd. from a client company, person or entity will not be used or disclosed to any person or entity, except when required to do so by law. If required, Parachute Studios Ltd. will sign and adhere to the conditions of
any Confidentiality Agreement used by the client.

20. Any contract requiring Parachute Studios Ltd. to work to specific deadlines provided within the written agreement will be deemed to include a proviso that the clients will make themselves reasonably available to communicate with Parachute Studios Ltd., its servants or agents, as necessary.

21. Any claims must be made in writing to Parachute Studios Ltd. within 7 days of receipt of goods. If no claim is made within this period the client is deemed to have accepted the goods at the agreed price.

22. Should the customer have cause to make any complaint about service or programmes the complaint, if put in writing, will be acknowledged by Parachute Studios Ltd within 14 days and a detailed reply will be issued to the customer within a further 28 days thereafter. In cases of complaint, all relevant work together with invoice and original materials should be returned to Parachute Studios.

23. Parachute Studios Ltd shall be under no liability if unable to carry out any provision of the contract for any reason beyond its control including (without limiting the foregoing) Act of God, legislation, war, fire, flood, drought, failure of power supply, lock-out, strike or other action taken by suppliers or owing to any inability to procure materials required for the performance of the contract. During the continuance of such a contingency the client may, by written notice to Parachute Studios, elect to terminate the contract and pay for work done and materials used but subject thereto shall otherwise accept delivery when available.