2 Deposits

2.1 Subject to Condition 1.4 the Customer shall pay a Deposit in order to reserve the date or dates of the Function with RICS Venues for the provision of the Services unless the Event Agreement is received by RICS Venues less than 30 days before the date of the Function.

2.2 RICS Venues shall send the Customer a Payment Request in the form of a pro forma invoice asking for payment of the Deposit which will be the equivalent of the full room hire for the event. The Customer shall pay the Deposit to RICS Venues within 14 days of the date of that Payment Request.

2.3 RICS Venues shall send the Customer a Payment Request for the Balance of the agreed cost of the event (all other charges) approximately 30 days before the date of the Function showing the Deposit credited against the total Charges. The Balance shall be paid at least 14 clear days before the date of the Function.

2.4 If the Event Agreement is received by RICS Venues less than 30 days before the date of the Function, the Charges will be due in full with the Event Agreement and shall be paid at least 14 clear days before the date of the Function.

3 Payment

3.2 In the event that the Customer does not pay any amount within 7 days of becoming due, RICS Venues shall be entitled to cancel the Contract by writing to the Customer. If the Customer has paid a Deposit, RICS Venues shall be entitled to set off the Deposit against any losses or costs RICS Venues suffers and could not avoid as a result of the cancellation.

3.3 If RICS Venues does not cancel the event in the circumstances set out in Condition 2.1, RICS Venues shall be entitled to charge interest on the unpaid amount daily.

3.4 If the Customer pays any amount by debit or credit card, the card shall be charged at the time such payment is made.

3.5 The Customer authorises RICS Venues to charge to its debit or credit card (as appropriate) any charges which the Customer incurs in respect of the Function and which remain unpaid at the conclusion of the Function.

3.6 If the Customer pays any amount by credit card, no surcharge will be applied. We do not accept American Express.

3.7 The Charges and Deposit include VAT. on the Payment Request and are payable at the current rate as at the date of the Payment Request.

3.8 If, within [7] days of the date of the Payment Request, the Customer has not notified RICS Venues that it disputes whether amounts contained in the Payment Request are properly due it shall be deemed to have accepted that the sums stated as payable are properly due and to have waived all its rights to subsequently dispute whether those sums are due.

3.9 The Charges shall be due in full to RICS Venues in accordance with these Conditions and the Customer shall not be entitled to exercise any set-off, lien or any other similar right or claim.

3.10 The time of payment shall be of the essence in the Contract.