Collection Agency Agreement
_____________________________,
referred to as AGENCY and _____________________________, referred to as CLIENT,
agree:
AGENCY represents that
it is properly licensed, bonded, with a capable and trained (if required) staff
of collectors, and can effect reasonable and lawful effects to collect accounts
receivable of CLIENT.
CLIENT shall provide to
AGENCY, from time to time, accounts receivable to collect. CLIENT represents
that any accounts which it turns over to AGENCY are legally due and owed.
CLIENT shall provide upon request to AGENCY source documentation for any and
all accounts due, and, verification of any balance due.
AGENCY shall at all
times conduct collection activity on behalf of CLIENT in compliance with all
lawful regulations and laws and shall hold CLIENT harmless from any claims
related to unlawful collection activity. A periodic report of the status of all
collections shall be provided to CLIENT by AGENCY at least every
_________________________.
AGENCY shall receive a
fee of __ percent from all sums collected on behalf of CLIENT. AGENCY may
deduct from sums collected its fee; however, all sums which are due to the
CLIENT shall be held in a separate trust account. In the event that a debtor
returns merchandise, the value for the purposes of the agreement shall be the
net sales price received for the same, or if the merchandise is accepted by
CLIENT, ___ its wholesale value.
CLIENT shall be
entitled to, either itself or through designated agents, auditors and
accountants, conduct audits of the books and records of AGENCY to verify
accountings.
CLIENT shall be
entitled to withdraw accounts once assigned from AGENCY, however, if any
collections are made as related to such accounts shall be reported to AGENCY,
and the AGENCY fee paid.
AGENCY shall be
responsible for all expenses related to its collection efforts, other than
court costs and attorneys’ fees, if suit is authorized, and expenditure is
approved for court costs and attorney’s fees. Any suit fees or court costs
shall be approved in writing prior to their expenditure.
Dated:
_________________
____________________________________________________
By Client
____________________________________________________
By Agency
Free Download Link: Collection Agency Agreement
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