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Glossary of Terms

  1. Acceptance of Terms:
    • Definition: The acknowledgment and agreement by individuals or entities to abide by the specified terms and conditions.
    • Application: Users engaging in business with BusinessWise Accountants and Tax Ltd and using the website [www.businesswisetax.co.uk].
  2. Services:
    • Definition: The professional offerings and tasks provided by BusinessWise Accountants and Tax Ltd as outlined in a formal agreement or proposal.
    • Application: The range of accounting and tax services offered by BusinessWise Accountants and Tax Ltd.
  3. Payment:
    • Definition: The agreed-upon monetary compensation and associated terms for the services provided by BusinessWise Accountants and Tax Ltd.
    • Application: Billing cycles, rates, fees, and consequences for late payments.
  4. Confidentiality:
    • Definition: The mutual agreement to keep undisclosed any proprietary or sensitive information shared during the business relationship.
    • Application: Protection of confidential client information.
  5. Intellectual Property:
    • Definition: Creations of the mind, such as inventions, designs, and brand elements, developed during the provision of services.
    • Application: Ownership of intellectual property resulting from services provided by BusinessWise Accountants and Tax Ltd.
  6. Termination:
    • Definition: The conclusion of the business relationship between BusinessWise Accountants and Tax Ltd and the client.
    • Application: Procedures and responsibilities upon termination, including payment for services rendered up to the termination date.
  7. Liability:
    • Definition: Legal responsibility for damages arising from the use or inability to use the services.
    • Application: BusinessWise Accountants and Tax Ltd’s limitations of liability for direct, indirect, or consequential damages.
  8. Governing Law:
    • Definition: The legal jurisdiction whose laws will govern the terms and conditions.
    • Application: Resolution of disputes in the courts of the specified jurisdiction.
  9. Force Majeure:
    • Definition: Unforeseeable circumstances that prevent the fulfillment of contractual obligations.
    • Application: Exemption from liability for failure or delay in performance due to circumstances beyond reasonable control.
  10. Amendments:
    • Definition: Changes or modifications to the terms and conditions made by BusinessWise Accountants and Tax Ltd.
    • Application: The authority to amend the terms and conditions, with the most recent version posted on the website [www.businesswisetax.co.uk].
  11. Contact Information:
    • Definition: Information provided for communication between clients and BusinessWise Accountants and Tax Ltd.
    • Application: Channels for inquiries or concerns regarding the terms and conditions.

This glossary aims to provide clarity on the specific meanings and applications of terms used in the terms and conditions for BusinessWise Accountants and Tax Ltd.