This Claim Placement incorporates the following terms and conditions:
Claims against debtors in business will be handled by you under the agreed contingency
rates. We agree and understand that matters withdrawn after being placed for
collection with you will be, at your discretion, subject to your regular schedule of
When we accept the return or trade of merchandise in full or partial satisfaction, it
is agreed we will be subject to commissions, but under ordinary circumstances, we would
expect the commission rate to be predicated on one-half of the invoice value of the
If you cannot resolve the matter amicably, we authorize you, as our collection agent,
to select an attorney listed and bonded by a reputable Law List Publisher, with the
understanding the the name and address of said attorney(s)
or agent(s) will be promptly
furnished to us.
No attorney is authorized to commence suit in our behalf unless authorized to do so by
us. Your employment is that of our agent and with reference to those accounts
forwarded, to conduct, as a convenience to us, the necessary correspondence with the
understanding that the attorney(s) or local agent(s) are our direct representatives and we
are free at all times to communicate directly with them if we desire to do so. You
are not to be responsible for any loss caused by the acts or omissions on the part of said
attorney(s) or agent(s).
You shall have the right to endorse for deposit and collection, in our name and on our
behalf, remittances received on accounts which we have placed with you for collection, and
to deduct from such remittances your authorized charges, unless we have instructed you the
contrary, remitting the difference to us within a 30 day period.