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Terms and Conditions for:

Accounting and Bookkeeping Services

Terms and Conditions Thrust Management Dubai

Terms and Conditions for Accounting and Bookkeeping Services (Hereinafter “Terms and Conditions”)

 

Thrust Management FZCO, a Free Zone Company registered and existing in good standing in Dubai Silicon Oasis, under trade license no. 35377, issued by Dubai Integrated Economic Zones Authority, and with its registered address at Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, United Arab Emirates and with the contact email address: hello@Thrust-Management.com (Hereinafter “Thrust Management”)

 

Any person or organisation purchasing the accounting and bookkeeping services of Thrust Management via the website (Hereinafter the “Client”), agrees that the address and email details provided at the time of checkout will be those for notification purposes.

 

For the purposes of these Terms and Conditions, Thrust Management and the Client are collectively referred to as the “Parties”.

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1. Introduction

  1. These Terms and Conditions govern the provision of accounting and bookkeeping services by Thrust Management (Hereinafter “Service(s)”). By purchasing our services, you, the Client, agree to be bound by these terms and conditions.

  2. These terms and conditions should be read in conjunction with the following: Thrust Management's General Terms & Conditions; Thrust Management's Privacy Policy; and, any additional terms related to a specific accounting and bookkeeping Service(s).

 

 

2. Services

Thrust Management offers a selection of accounting and bookkeeping services, including but not limited to:

- Bookkeeping

- Bank account reconciliation

- Financial statement preparation

- Accounts Receivable / Payable Ageing Report

- UAE Corporate Tax registration and filing

- UAE VAT registration and quarterly VAT filing

- Financial analysis and reporting

- Audit preparation and assistance

 

The specific scope of work relates directly to the Service(s) package, plan or proposal that the Client purchases.

 

Services will be carried out remotely, with the work performed by a qualified accountant.

 

 

3. Term and Termination of Services

  1. Subscription Services shall continue without interruption for a minimum term of 12 months After that period, a written notification of termination may be given by either of the Parties to the other. Such termination may be for any reason whatsoever, or for no reason. The termination shall be effective sixty (60) days following the date upon which such notice is received by the non-terminating Party, unless grounds exist for such termination to have immediate effect.

  2. In the event either of the Parties breaks the terms and conditions, the other Party may terminate the Service(s) with no notice.

  3. One-off Services will be commenced upon receipt of payment and all the required information.

 

 

4. Client’s Responsibility

  1. The Client understands these terms and conditions constitute a professional relationship between the Parties which is collaborative and respectful.

  2. The Client understands that Thrust Management is a business with other Clients and requires fair and realistic notice to action requests.  Poor planning and miscommunication by the Client does not constitute an emergency for Thrust Management.

  3. The Client agrees to respond promptly to inquiries relating to their financial affairs.

  4. The Client is responsible for ensuring sufficient funds are available for direct debit payments or cheque payments.

  5. The Client agrees to provide accurate and complete information necessary for Thrust Management to carry out the service(s), including:

1. copies of vouchers, cheques, purchase agreements, leases, loans, guarantees, invoices, receipts, bank statements and any other documents reflecting any and all financial transactions of the business.

2. documents reflecting shares and shareholders, equipment, assets and any other information that affects the financial performance of the business.

  1. The Client assumes responsibility for the making and approving of transactions and has the sole responsibility for the action and resulting transactions.

  2. The Client assumes sole responsibility for not supplying us with all documents and information.

  3. The Client is responsible for reviewing the monthly Management Report. If no feedback is received within seven (7) working days, it is assumed that it is approved by the Client.

 

 

5. Fees and Payments

  1. Payment for all services purchased via the Thrust Management website are due at the time of purchase via credit card.

  2. For subscription services, by completing the purchase, you authorize Thrust Management to charge your credit card for future payments in accordance with the chosen subscription plan.

  3. Payment terms for one-off tailored services will be specified in the specific service agreement and made via bank transfer.  Invoices are due upon receipt and work will not commence until payment is received.

  4. Payment terms for subscription-based tailored services will be specified in the specific service agreement and made via bank transfer, with a direct debit set up for recurring payments.  Work will not commence each month until payment is received.

  5. Fees are non-refundable, unless otherwise stated.

  6. Fees are based on services purchased, not actual usage.

  7. Refunds will not be issued for unused portions of a Service(s) term.

  8. Thrust Management reserves the right to suspend services immediately if payment is not received.

  9. Thrust Management reserves the right to modify subscription fees with 30 days' notice, prior to the expiration of the existing plan term.

  10. In the event a Client’s accounting and bookkeeping needs exceed their subscription plan, Thrust Management will inform the Client and provide details of the most appropriate plan reflecting the increased volume of work. The Client agrees for the updated plan to supersede the existing plan or provide notice for termination of services.

 

 

6. Confidentiality

  1. Except as to the extent required by law, Thrust Management shall not disclose or use, nor direct their respective employees, agents or consultant representatives to disclose or use, any confidential information obtained from the Client, other than in connection with carrying the service(s) purchased by the Client and governed by these Terms and Conditions.

  2. Thrust Management agrees to maintain confidential, any information obtained from the client pursuant to the provision of the Service(s) purchased and these Terms and Conditions, indefinitely, including following the termination of the service(s).

  3. For the avoidance of doubt, “confidential information” means any information supplied by the Client in order for Thrust Management to carry out the Service(s) purchased by the Client, and any information about the Client, their representatives, purchase agreements, contracts, financial information, customer information and any documentation marked “confidential”, or information identified in writing as such.

  4. Confidential information does not include information which:

  1. Is or becomes generally available to, or known by, the public other than as a result of improper disclosure by either of the Parties; or

  2. Is legally obtained by Thrust Management from a source other than the Client.

  1. Thrust Management may disclose in its external communications and marketing that it has rendered accounting and bookkeeping services to the Client, by mentioning the Client’s name or reproducing the Client’s logo only, unless expressly requested not to by the Client in writing to the Thrust Management email address provided above.

 

 

7. Data Protection

Thrust Management will adhere to applicable data protection laws. However, as Thrust Management uses email, accounting software packages and other electronic applications to collect, share and store information, the Client accepts the inherent risks associated with electronic data transfer and storage, including but not limited to interception, unauthorized access, corruption, power outages, viruses and so on and so forth.

 

 

8. Arbitration

  1. Any dispute arising out of or in connection with these Terms and Conditions shall be referred to and finally resolved by arbitration in accordance with the Rules, which Rules are deemed to be incorporated by reference into this Clause. For the purposes of any arbitration proceedings commenced pursuant to this clause:

  1. The number of arbitrators shall be one;

  2. The seat (or legal place) of arbitration shall be the Dubai International Financial Center (DIFC), Dubai, United Arab Emirates;

  3. The place at which the arbitration takes place shall be the Dubai International Financial Center (DIFC), Dubai, United Arab Emirates;

  4. The language to be used in the arbitral proceedings shall be English.

  1. None of the Parties shall challenge any arbitral award made pursuant to arbitration proceedings conducted in accordance with Clause 8a (above).

 

 

9. Limitation of Liability

Thrust Management’s liability is limited to the amount paid for services. We are not liable for any indirect, incidental, or consequential damages arising from the performance of our services.

 

 

10. General

  1. Changes and clarifications will take effect immediately upon their posting on the website. If we make material changes to this policy, we will notify you here that it has been updated. 

  2. For existing Clients, these Terms and Conditions may not be amended or modified except by a document signed by each of the Parties. 

  3. These Terms and Conditions do not constitute a partnership, commercial agency or distributorship between the Parties.

  4. All notices, requests, claims, demands and other communications regarding these Terms and Conditions shall be in writing and shall be deemed to have been duly given, for notice purposes, upon receipt by email (with a read request returned by each receiving Party) at the email addresses set forth above, or by traceable courier service (with signature required) to the respective Parties at the addresses set forth above.

  5. Notwithstanding any provision of these Terms and Conditions may prove to be unenforceable, the remaining provisions shall continue in full force and effect.

  6. Both Parties agree to review these Terms and Conditions and amend them in accordance with any rules and regulations announced by the UAE Government or Government of Dubai or Respective Free Zone Authorities to ensure it is managed correctly and appropriately.

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11. Questions and Contact Information

If you have any questions about these Terms and Conditions, you are invited to email us at: hello@thrust-management.com

 

12. Acceptance

By purchasing Thrust Management's Service(s) or making a payment, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.

 

Effective Date:  19th December 2024

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