collections agency form3 by YH95e8

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									                                     COLLECTION AGENCY AGREEMENT
                                      (Transport Industry Accounts Only)


Company Name:………………………………………………………………………………………………….

Street Address:……………………………………………………………………………………………………..

City, Country:……………………………………………………………………………………………………..

Person to Contact:…………………………………………………………………………………………………

Telephone:………………………………………………………………………………………………………….

Fax:……………………………………………………..

Email:…………………………………………………….

We, the Client, fully authorize Forwarders Debt Recovery Services (FDRS) to undertake collection efforts and to
collect monies from all debtor accounts that, from time to time, may be assigned to FDRS by us pursuant to the
fee structure shown below, and the terms and conditions on the FDRS website. The Client authorizes FDRS to
forward assigned accounts to outside counsel to pursue legal action in order to collect amounts still unpaid after
direct and professional collection methods have been exhausted without result of voluntary payment, after
notification to Client of such intended action and the express written approval of the Client.

In the case that the debtor pays the outstanding debt to Client direct after the signing of this agreement FDRS
will invoice the due commission to the Client and the Client agrees to pay this invoice within seven days after
receipt.

In the case that the Client withdraws a case without consent of FDRS after the signing of this contract
FDRS will invoice the due commission to the Client and the Client agrees to pay this FDRS invoice within seven
days after receipt.


CONTINGENCY FEE STRUCTURE

15 % of all sums collected on claims unless otherwise agreed. Non-contingent suit fees and court costs required
prior to litigation are the responsibility of the Client.

We authorize FDRS to deduct these fees from monies collected, and/or to invoice us for these fees for monies
paid directly to us. The fee structure may be amended at any time at the discretion of FDRS and such amended
fees will be deemed effective for all accounts assigned after written notice of change has been sent to us by
FDRS.

On behalf of the Client and as an authorised officer of the Client I hereby agree to subject terms above and in
accordance with the Terms and Conditions of Account Assignment as detailed on the fdrs-ltd.com website.


Signature:              _____________________________________________

Date By:                _____________________________________________

Print Name/Title:       _____________________________________________


Note – Please affix company seal

								
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