Handing Back. After assuming their duties under this agreement, upon the Lawyer or Successor Lawyer providing notice of termination or resignation, the Successor Lawyer will: Take any steps necessary in the notice period to deal with urgent matters to protect the interests of the Lawyer, the Professional Corporation and the Lawyer’s clients. Hand over the Practice or what remains of it and any funds they hold in trust. Advise the Membership Department of the Law Society of Alberta of the termination or resignation. Advise the Trust Safety Department of the Law Society of Alberta of: The termination or resignation. Their intention to cease to be the Responsible Lawyer for the Practice. The existence of any client or practice matters needing urgent attention. Comply with any outstanding audit requirements. Ensure the necessary steps have been taken to enable the transfer of the Responsible Lawyer designation to the Lawyer or another qualified member of the firm. Within 14 days of the departure date, file a Law Firm Self-Report with the Trust Safety Department of the Law Society of Alberta. Within 30 days, provide the Lawyer with a full and accurate accounting of financial activities undertaken in connection with the Practice. If a disagreement arises concerning the Successor ▇▇▇▇▇▇’s handling of the Practice and the disagreement cannot be resolved in a timely way, the parties are urged to seek help to resolve the matter by mediation or binding arbitration. Any dispute concerning the interpretation, validity, or performance of this agreement or any of its terms and provisions, will be settled by [insert name of individual] whose decision will be binding on the parties. If they are not available, an alternate will be appointed by agreement between the parties. If any dispute arises concerning the interpretation, validity, or performance of this agreement or any of its terms and provisions, including but not limited to the issue of whether or not a dispute is arbitrable: If the dispute falls within the jurisdiction of the Civil Division of the Provincial Court of Alberta at that time, the parties will resolve the matter in that forum. If the dispute exceeds the jurisdiction of the Civil Division of the Provincial Court of Alberta, the parties will submit the dispute for binding determination to a single arbitrator in accordance with the Arbitration Act (Alberta).
Appears in 1 contract
Sources: Management Agreement
Handing Back. After assuming their duties under this agreement, upon the Lawyer or Successor Lawyer providing notice of termination or resignation, the Successor Lawyer will: Take any steps necessary in the notice period to deal with urgent matters to protect the interests of the Lawyer, the Professional Corporation Lawyer and the Lawyer’s clients. Hand over the Practice or what remains of it and any funds they hold in trust. Advise the Membership Department of the Law Society of Alberta of the termination or resignation. Advise the Trust Safety Department of the Law Society of Alberta of: The termination or resignation. Their intention to cease to be the Responsible Lawyer for the Practice. The existence of any client or practice matters needing urgent attention. Comply with any outstanding audit requirements. Ensure the necessary steps have been taken to enable the transfer of the Responsible Lawyer designation to the Lawyer or another qualified member of the firm. Within 14 days of the departure date, file a Law Firm Self-Report with the Trust Safety Department of the Law Society of Alberta. Within 30 days, provide the Lawyer with a full and accurate accounting of financial activities undertaken in connection with the Practice. If a disagreement arises concerning the Successor ▇▇▇▇▇▇’s handling of the Practice and the disagreement cannot be resolved in a timely way, the parties are urged to seek help to resolve the matter by mediation or binding arbitration. Any dispute concerning the interpretation, validity, or performance of this agreement or any of its terms and provisions, will be settled by [insert name of individual] whose decision will be binding on the parties. If they are not available, an alternate will be appointed by agreement between the parties. If any dispute arises concerning the interpretation, validity, or performance of this agreement or any of its terms and provisions, including but not limited to the issue of whether or not a dispute is arbitrable: If the dispute falls within the jurisdiction of the Civil Division of the Provincial Court of Alberta at that time, the parties will resolve the matter in that forum. If the dispute exceeds the jurisdiction of the Civil Division of the Provincial Court of Alberta, the parties will submit the dispute it for binding determination to by a single arbitrator in accordance with the Arbitration Act (Alberta).
Appears in 1 contract
Sources: Management Agreement