Terms & Engagement

Last updated: August 2026

These terms govern any advisory engagement between you ("the Client") and Real Application d.o.o., trading as MonteVellum ("MonteVellum", "we", "us"). By engaging us, or by confirming a scope of work in writing, you agree to these terms.

1. Who We Are

MonteVellum is a trading name of Real Application d.o.o., a company registered in Montenegro under registration number (PIB/matični broj) 03641163, with its registered office at Gavrila Principa ulica 200, Bar, Montenegro, 85000. You can reach us at info@montevellum.me or +382 69 429 219.

2. What We Are — and Are Not

MonteVellum provides corporate, real estate and structuring advisory services: property purchase and legalization support, corporate banking and AML-compliance advisory, crypto-to-real-estate structuring, and residency and economic substance advisory. MonteVellum is not a bank, a licensed payment institution, or a law firm. We do not hold banking licenses, do not provide licensed legal representation, and do not act as a notary. Matters that require a licensed lawyer, notary, or bank are carried out by those independent, licensed professionals — we coordinate and advise around that work, we do not replace it.

3. How an Engagement Works

Every engagement begins with a confidential intake call, offered free of charge and without obligation. If we take on your matter, the scope of work and the fee are agreed in writing before any billable work begins. We do not bill by the hour on advisory engagements — fees are fixed and agreed up front, unless we tell you otherwise in writing for a specific piece of work.

4. Client Funds

MonteVellum does not hold, receive, or manage client funds related to a transaction — property purchase price, investment capital, or similar. Those funds move directly between you and the relevant seller, bank, or notary. The only payments MonteVellum receives from you are our own advisory fees, paid directly to us under the agreed engagement terms.

5. Your Responsibilities

You agree to provide accurate, complete and timely information and documentation reasonably requested for your engagement. Delays or errors in the outcome of your matter that result from inaccurate or incomplete information you provide, or from your own delay in supplying requested documents, are not MonteVellum's responsibility.

6. Third Parties Outside Our Control

Many outcomes we advise on — bank account approval, notarial acts, land registry filings, immigration authority decisions — are ultimately decided by third-party institutions we do not control: banks, notaries, courts, cadastral offices, and government authorities. We advise, prepare, and file to the standard we believe gives your matter the best chance of a smooth outcome, but we cannot guarantee decisions, approvals, or processing times of any third-party institution.

7. Confidentiality

We treat every enquiry and every engagement as confidential. Information you share with us is used only for the purposes of advising you, and is not disclosed to third parties except as needed to carry out your instructions (for example, to a notary or bank on your behalf, with your knowledge) or where we are legally required to disclose it.

8. Limitation of Liability

To the fullest extent permitted by Montenegrin law, MonteVellum's total liability for any claim arising from an engagement is limited to the fees you paid us for that specific engagement. We are not liable for indirect, consequential, or speculative losses, or for the acts, omissions, delays, or decisions of third-party institutions referenced in Section 6.

9. Fees and Cancellation

Fees are as agreed in writing before work begins. If you cancel an engagement after work has started, fees for work already performed remain payable. Any refund of unearned fees, where applicable, will be handled case by case and confirmed in writing.

10. Termination

Either party may terminate an engagement in writing at any time. Termination does not affect fees already earned for work completed up to that point, nor does it affect confidentiality obligations, which continue after the engagement ends.

11. Governing Law and Disputes

These terms are governed by the laws of Montenegro. Any dispute arising from an engagement will first be addressed through direct, good-faith discussion between the parties; if unresolved, it falls under the jurisdiction of the competent courts of Montenegro.

12. Changes to These Terms

We may update these terms from time to time; the version in force for a specific engagement is the one agreed in writing at the time that engagement began. Changes to this page apply to engagements entered into after the change is published.

13. Contact

Questions about these terms can be sent to info@montevellum.me or +382 69 429 219.