Just had the following mail from the agency here. Bugger.
Hi xx,
Following a review of pay across the industry, Client Co has decided to reduce its rates for Contractors.
The purpose of this email is to provide formal written notice of termination of your current contract Assignment for the supply of services to Client Co. Your current Assignment will now terminate on 14/06/2009.
However, should you agree to the variation in the rate and contract terms below, your Assignment will continue with all other terms unchanged.
·Revised Fee Rate - 0.9 x Existing rate per day
·Clause 9.4 of the Terms shall be amended to read as follows: “Unless varied in the Assignment Schedule or any Addendum/Appendix, AGENCY may terminate the Assignment without cause and for whatever reason by giving written notice of seven (7) calendar days. As an alternative, AGENCY may make to the Contractor a payment, such payment being the amount of charges that would have been invoiced by the Contractor for all working days during the 7-day period of notice.
All other terms and conditions remain the same.
I would be grateful if you would confirm, on behalf of your limited company, acceptance of the above amendment terms in writing as soon as possible and in any event no later than close of business on 22/05/2009.
Acceptance of the above amendment terms, by return email on behalf of your limited company, shall be deemed as a formal acceptance of the variation under the terms of the Assignment.
Hi xx,
Following a review of pay across the industry, Client Co has decided to reduce its rates for Contractors.
The purpose of this email is to provide formal written notice of termination of your current contract Assignment for the supply of services to Client Co. Your current Assignment will now terminate on 14/06/2009.
However, should you agree to the variation in the rate and contract terms below, your Assignment will continue with all other terms unchanged.
·Revised Fee Rate - 0.9 x Existing rate per day
·Clause 9.4 of the Terms shall be amended to read as follows: “Unless varied in the Assignment Schedule or any Addendum/Appendix, AGENCY may terminate the Assignment without cause and for whatever reason by giving written notice of seven (7) calendar days. As an alternative, AGENCY may make to the Contractor a payment, such payment being the amount of charges that would have been invoiced by the Contractor for all working days during the 7-day period of notice.
All other terms and conditions remain the same.
I would be grateful if you would confirm, on behalf of your limited company, acceptance of the above amendment terms in writing as soon as possible and in any event no later than close of business on 22/05/2009.
Acceptance of the above amendment terms, by return email on behalf of your limited company, shall be deemed as a formal acceptance of the variation under the terms of the Assignment.
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