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A late fee, also known as an overdue fine, late fine, or past due fee, is a charge fined against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date.
Fee slips for a university college. A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup.Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contradistinction to a payment, salary, or wage, and often use guineas rather than pounds as units of account.
The English rule provides that the party that loses in court pays the other party's legal costs. The English rule contrasts with the American rule , under which each party is generally responsible for paying its own attorney fees (unless a statute or contract provides for that assessment).
In English civil litigation, costs are the lawyers' fees and disbursements of the parties.. In the absence of any order or directive regarding costs, each party is liable to pay their own solicitors' costs and disbursements such as a barrister's fees; in case of dispute, the court has jurisdiction to assess and determine the proper amount.
Fees are generally one-time-only payments made by the union member to the union to cover the administration of ongoing programs or activities. One example is the initiation fee, a fee charged by the union to the worker when the employee first joins the union. The initiation fee covers the administrative costs of joining the union.
Fee – A right in law to the use of land; i.e. a fief. Simple – in the unconstrained sense: without limit to the inheritance of heirs; unrestricted as to transfer of ownership. The English word fee ultimately goes back to the Indo-European root *peku, which refers to moveable wealth, that is, cattle.
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In the English legal system, a contingent fee is generally referred to as a conditional fee agreement (CFA) or, informally by the public and press, as "no win no fee". The usual form of this agreement is that the solicitor will take a law case on the understanding that if lost, no payment is made.