Last updated: May 19, 2026
1. Buma | Algera Notariaat B.V. is a private limited liability company whose purpose is to practice notarial law and provide notarial and legal advice. The company is headquartered in Amsterdam. Upon request, a list will be provided of the individuals who, through their companies, hold shares in Buma | Algera Notariaat B.V. and who are also referred to as “partners.”
2. These general terms and conditions apply to all assignments accepted by Buma | Algera Notariaat B.V., any follow-up assignments, and all other work.
3. Notwithstanding Article 7:404 of the Dutch Civil Code and Article 7:407(2) of the Dutch Civil Code, all assignments are accepted and carried out exclusively by Buma | Algera Notariaat B.V., even if it is the (implicit) intention that an assignment be carried out by a specific person.
4. The uncontested acceptance of a (draft) deed drawn up by Buma | Algera Notariaat B.V. implies acknowledgment of the granting of an engagement.
5. 1. Unless otherwise agreed in writing, the fee will be determined based on the hours worked multiplied by the applicable rates as periodically set by Buma | Algera Notariaat B.V.
2. Expenses paid by Buma | Algera Notariaat B.V. on behalf of the client (including, but not limited to, general office expenses such as postage, telephone, fax, and copying costs, etc.) will be billed separately.
3. Payment of invoices must be made within fourteen (14) days of the invoice date, unless otherwise agreed or stated. If this deadline is exceeded, the client is in default and is liable for the statutory late payment interest under Article 6:119a of the Dutch Civil Code. If collection measures are taken against the client in default, the costs associated with the collection shall be borne by the client.
6. Any liability on the part of Buma | Algera Notariaat B.V. is limited to the amount paid out under the professional liability insurance policy in the relevant case, plus the amount of the deductible that, according to the policy terms and conditions, is not covered by the insurer.
7. If and to the extent that, for any reason whatsoever, no payment is made under the aforementioned professional liability insurance, the liability referred to above is limited to three times the fee charged by Buma | Algera Notariaat B.V. for the performance of the relevant assignment. The limitation or exclusion of liability referred to in this article does not apply to the extent that the damage results from a willfully reckless or intentional failure on the part of Buma | Algera Notariaat B.V.
8. The selection of third parties to be engaged by Buma | Algera Notariaat B.V. will, where possible, be made in consultation with the client and with due care. Buma | Algera Notariaat B.V. is not liable for any failures on the part of these third parties. The client authorizes Buma | Algera Notariaat B.V. to accept, on the client’s behalf, any limitations of liability stipulated by third parties.
9. The work performed under this engagement is carried out exclusively for the benefit of the client. Third parties may not derive any rights from the work performed.
10. If the client discloses the content of the work performed for it by Buma | Algera Notariaat B.V. to third parties, the client is obligated to Buma | Algera Notariaat B.V. to inform such third parties that the work was performed subject to these general terms and conditions. If a third party makes use of the content of such work in any way, that third party is bound by the terms of these general terms and conditions.
11. 1. If the client or a third party has any complaints regarding the performance of the assignment, they must notify Buma | Algera Notariaat B.V. in writing, stating the reasons, within two months of discovering the deficiency, or at least after the deficiency could reasonably have been discovered, failing which they may no longer rely on the claim that the assignment was performed negligently or defectively.
2. All legal claims and defenses of the client, based on facts that would justify the assertion that the assignment was performed negligently or defectively, shall be barred by the statute of limitations one (1) year after the notification made in accordance with paragraph 1.
3. The client is obligated to indemnify Buma | Algera Notariaat B.V. against all claims by third parties and to reimburse Buma | Algera Notariaat B.V. for the reasonable costs of defending against such claims.
12. These general conditions are also stipulated for the benefit of all those involved in the execution of the assignment on behalf of Buma | Algera Notariaat B.V.
13. These terms and conditions also exist in the English language. In case of difference between that text and the Dutch text, the latter shall be binding.
14. The agreement between the client and Buma | Algera Notariaat B.V. shall be governed by Dutch law. Any disputes shall be settled by the competent court in Amsterdam, on the understanding that if and insofar as it is competent, the Disputes Committee for the Notarial Profession may also settle disputes. See www.knb.nl and www.degeschillencommissie.nl.
15. In principle, our firm does not commence the execution of an assignment and will not execute a notarial deed until the investigation into possible PEPs, UBOs and the (enhanced) client investigation and the origin of funds has been completed and our firm sees no reason to proceed with a denial of service as referred to in Section 21(2) of the Notary Public Act.
16. Buma | Algera Notariaat B.V. and the client shall keep the assignment and everything connected therewith or of which they become aware by virtue of the assignment confidential, subject to the obligation to disclose pursuant to the law or a binding decision of a court or of a governmental body or, as far as Buma | Algera Notariaat B.V. is concerned, insofar as desirable for the purpose of executing the assignment. Each of them shall take reasonable measures to ensure that persons affiliated with Buma | Algera Notariaat B.V. or with the client respectively do the same.
17. The costs involved in complying with the WWFT shall be charged to the client in the manner described in the quotation submitted to him, and, if and to the extent that the assignment is on the basis of the hourly rate, such work shall also be performed and invoiced on the basis of the hourly rate.
18. The interest rate on the trust account held by Buma | Algera Notariaat B.V. may be either positive or negative. In the case of a positive rate, the client or a third party shall receive interest equal to the interest held by Buma | Algera Notariaat B.V. in the trust account. In the case of a negative interest rate, the client or a third party shall pay interest equal to the interest held by Buma | Algera Notariaat B.V. in the trust account. If the actual interest rate cannot be precisely determined, Buma | Algera Notariaat B.V. may determine the interest rate by reference to an average interest rate to be determined by it, based on a reasonable estimate.
19. These general terms and conditions have been filed at the Registry of the District Court of Amsterdam and can also be consulted at www.banotariaat.nl.
