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Rules of Practice 1994 (S.R. 1994, No. 229)
|Requested: 28 Mar 2017|
|Consolidated as at: 17 Mar 2006|
84. Election to enter cost agreement
(1) Before undertaking any business to which this Division applies or a transaction to which this Division applies, a practitioner may elect to receive remuneration under a cost agreement.
(2) An election is to be
(a) in writing; and
(b) signed by the practitioner; and
(c) communicated to the client.
(3) If a practitioner does not elect to receive remuneration under a cost agreement, remuneration is payable to the practitioner in accordance with this Division.
(4) If a practitioner elects to receive remuneration under a cost agreement, this Division applies to any matter that is not covered by the cost agreement.