Documents, not promises: this is how they look.
Four of the documents you receive, with made-up data so that you can see the format. The names and the figures are fictitious.
AssetOwnerIndicative value
Family home (Barcelona)Both spouses, 50% each€620,000
Rented premisesExample Holdings, S.L.€310,000
Shares in Example Company, S.L.Father 60%, mother 20%, children 20%€450,000
Bank accounts and deposits (two institutions)Father and mother€185,000
Pension planFather€74,000
Account in Dubai (form 720)Mother€90,000
Mortgage loanBoth spouses−€140,000
Net wealth€1,589,000
Indicative values at the date of the document.
ItemDetailFigure
Consolidated net wealthAt 30 September€1,589,000
Change over the quarterCompared with 30 June+€12,000
Due dates in the next quarterProperty tax (second instalment) · home insurance renewal · instalment payment by the family holding companyOctober–November
Tax developments affecting youNone this quarter—
WillsIn force; last reviewed 18 months agoUp to date
Powers of attorneyIn forceUp to date
Pending decisionCalendar of gifts before 31 DecemberOctober meeting
One page, in the same format every quarter.
ItemDetailFigure
Sales for the month€212,400
Gross marginOn sales38%
Cash at month endAcross all the company’s accounts€96,300
Taxes filedVAT and withholdings for the previous quarterOn time
Upcoming taxesInstalment payment of corporate income taxOctober
HeadcountOne joiner and no leavers14 people
Pending decisionRenew the credit facility before NovemberFor the board
One page with the month’s figures.
ClauseWhat it saysWhat it means for you
4 · TermRenews each year unless notice is given three months ahead.Note the notice deadline in your calendar: three months before expiry.
9 · Early terminationIf the customer ends it early, it pays 20% of the remaining price.A high penalty for what is left of the contract; worth proposing a decreasing percentage.
12 · JurisdictionThe courts of Madrid.Your company is in Barcelona: ask for the courts of your own registered office.
Every important clause, in one sentence. Not a real contract and not an opinion on any case.
A conversation, whenever you decide.
We reply to every enquiry within 24 working hours, in strict confidence.