Fixed fee / Monthly fixed fee
Fixed fee is a form of settlement which concerns a one-time payment for an instructed service, e.g. registration of a change at the National Court Register (register of businesses), preparation of a draft of contract, etc. A contract concluded with the Client includes the scope of actions for the fee agreed, with no concern to the time or load of work required for performance of the task instructed.
Monthly fixed fee is a regular monthly fee for legal service for companies / entrepreneurs, covering regular complex legal and administrative assistance for the Client within the scope agreed.
The basis of the hourly fee is the time required to perform the task instructed by the Client according to the hourly rate agreed. Depending on the agreement with the Client, the payment is settled after the instructed task is finalised or else at the end of a settlement period, usually one month. Together with the invoice the Client receives a detailed schedule of actions and time which have been required to perform the task.
In case of provision of regular legal services for a company / entrepreneur, the hourly fees are usually joined with a monthly fixed fee. The fixed fee covers the agreed time of service per month, or a scope of legal advice agreed, and exceeding time of legal service is calculated by the agreed hourly fee.