1 Mediator's Fees
(a) The Mediator's fee for a one day mediation involving two parties shall be £2,000 per party per day.
(b) This price will include preparation and any pre meeting contact with the parties (subject to clause (f) below).
(c) Any additional day for any two party mediation will be charged at £1,250 per party per day or part thereof.
(d) If the mediation involves three or more parties, the charge per party per day will be reduced to £1,500 per party per day for a one day mediation and £1,000 per party per day for any subsequent days or part thereof.
(e) These charges are based on a standard mediation day commencing at 10.00am and ending at 6.00pm. If the mediation extends beyond 6.00pm on any one day the Mediator's fee will be £400 per hour for each hour or part of an hour thereafter for all time spent by the Mediator on the matter until the mediation is formally concluded and the Mediator's mandate is terminated.
(f) The above fees are based on the assumption that the parties should restrict the papers provided to the Mediator such that they can be easily read and digested by the Mediator in one day of preparation (between 10.00am and 6.00pm). If a particular case makes it necessary for the Mediator to read more than this or to take more time, the Mediator must agree with the parties in advance of undertaking that preparation an additional charge.
(g) All Mediator's fees shown above are exclusive of VAT, if applicable.
2 Mediator's Expenses
(a) The Mediator will only charge travelling expenses if the mediation is held outside London.
(b) Mediator's expenses (including travel outside London) will be charged at cost.
3 Venue for Mediation
(a) The cost of the venue including meals etc. will be charged at cost.
4 Time for Payment
(a) The Mediator's fee for the first day and for any additional preparation time agreed under clause 1 (f) above must be paid before commencement of mediation.
(b) The Mediator's fees for any additional day/time and any expenses are to be invoiced after the mediation is completed and are payable within 14 days of the Mediator's invoice. The Mediator is entitled to require the provision of suitable undertakings or other security in relation to fees and expenses from or on behalf of the parties.
(c) Payments in respect of a venue are to be made as agreed with the administrator of the venue.
|