All invoices billed by Vlerick Business School are payable by the due date mentioned on the invoice, save if otherwise agreed upon. In case the outstanding amount is not paid by the date due, interest will be charged, according to the law, automatically, without declaration of default. In addition, the alumni member shall also pay a fixed administrative fee covering the costs caused by the late payment. The alumni member acknowledges and agrees that this fee to be set at 10% of the total outstanding amount (exclusive of the interest) with a minimum fee of € 65. Costs incurred by unpaid bills or bouncing cheques and any other collecting charges are not included in the fixed fee and will be charged separately. Any dispute over an invoice must be notified in writing (by registered mail, fax with acknowledgement or e-mail with acknowledgement) to the accounting department of Vlerick Business School within 15 working days after the receipt of the invoice.
The alumni membership fee is non-refundable.
Force majeure is understood to be any failure in carrying out the alumni membership agreement which cannot be imputed either to Vlerick Business School or the alumni member, and which causes the affected party’s fulfilment of this alumni membership agreement to be either impossible, or an unreasonable requirement. In case of force majeure neither party to the agreement will be held liable to fulfil the terms of the alumni membership agreement or to pay compensation. Force majeure includes (but is not limited to): strikes, lockouts, industrial disputes, serious transport disruptions including breakdowns and fuel shortages, lack of telecommunication facilities, actions or inactions of public authorities, acts of violence or war, acts of terrorism, natural disasters, health epidemics and quarantines, etc.
Any complaints about the alumni membership are treated confidentially and need to be notified in writing to Vlerick Business School immediately. The aim is to settle complaints amicably. Belgian law is exclusively applicable to these general terms and conditions and to the alumni membership agreement. The parties expressly acknowledge and agree that the competent courts of Ghent have sole jurisdiction over any disputes arising from either this alumni membership agreement or these terms and conditions.
Last update: 16 April 2019