0
Anonymous Posted 12 years ago
Legal Studies
pro-rata temporis for the first day of
Dear all,
I’m translating an agreement where there is a sentence
For the first year, the annual retainers as per the List of Services and Fees will be applied pro-rata temporis for the first day of the corresponding quarter starting with the signing of this Agreement and ending on December 31 of the same year.
Unfortunately, I’m not sure I understand how the amount of the fees should be determined. Let’s imagine that the agreement is actually signed on 1 August, while the quarter begins on 1 July. Does the above sentence mean that the relevant amount is determined as if the agreement were signed on 1 July?
I’m translating an agreement where there is a sentence
For the first year, the annual retainers as per the List of Services and Fees will be applied pro-rata temporis for the first day of the corresponding quarter starting with the signing of this Agreement and ending on December 31 of the same year.
Unfortunately, I’m not sure I understand how the amount of the fees should be determined. Let’s imagine that the agreement is actually signed on 1 August, while the quarter begins on 1 July. Does the above sentence mean that the relevant amount is determined as if the agreement were signed on 1 July?
Top answer
Anonymous Does the above sentence mean that the relevant amount is determined as if the agreement were signed on 1 July? Not exactly the way I would express it, but (according to my reading) the end result is the same. The pro-rata calculation is to be applied on a quarterly basis (with no partial quarters).
- Anonymous Does the above sentence mean that the relevant amount is determined as if the agreement were signed on 1 July?
- Not exactly the way I would express it, but (according to my reading) the end result is the same.
- The pro-rata calculation is to be applied on a quarterly basis (with no partial quarters).
- In the first year of the agreement, that includes the entire quarter in which the signing date falls.
- htm
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
2 Answers
0
Anonymous Does the above sentence mean that the relevant amount is determined as if the agreement were signed on 1 July?Not exactly the way I would express it, but (according to my reading) the end result is the same.
The pro-rata calculation is to be applied on a quarterly basis (with no partial quarters).
In the first year of the agreement, that i
00
Related Questions