COMMERCIAL & CONSUMER RECOVERY INC., herein referred to as 'AGENCY' and Contracted Company, herein referred to as 'CLIENT' AGREES that the accounts placed with the AGENCY are subject to the terms and conditions of the following agreement between the said parties:

1. Collection activities will be in compliance with Provincial Laws and regulations, and be courteous and business like consistent with the image and reputation of the CLIENT.
   
   
2. Collections made by AGENCY on clients' accounts will be deposited immediately into a trust account maintained for clients' disbursements. All collections made by AGENCY on clients' accounts will be remitted to CLIENT less AGENCY collection fee, by the 18th day of the month following the month of collections. Such statements will be descriptive i.e. (name, amount collected, amount due CLIENT, amount due AGENCY, balance of account).
   
   
3. CLIENT authorizes AGENCY to endorse and deposit in its Trust Account any and all cheques, money orders, drafts, cash etc. made payable to or paid to AGENCY for CLIENT on accounts placed with AGENCY.
   
   
4. CLIENT agrees to provide AGENCY with information on all direct payments, adjustments, and disputes within a timely manner, not to exceed 30 days.
   
   
5. AGENCY will not initiate any form of legal action without prior written authority from CLIENT. When legal action is authorized, CLIENT will execute a written assignment of the account. Legal action will be brought in the name of CLIENT
   
   
6. CLIENT will be responsible for all legal fees and court costs with reference to accounts placed for collections by CLIENT. Legal fees and court costs will be PAID out of first monies collected.
   
   
7. Accounts placed in error by CLIENT with AGENCY for collection may be withdrawn by request with 30 day notice in writing. Once the account has been placed into our system CLIENT is subject to 10% close out fee, or if the account has had prior payments the regular rate that the account was placed for collection. AGENCY reserves the right to adjust rates in special incidents to assist the CLIENT(s) but bears no responsibility for errors listed by the CLIENT.
   
   
8. The Client authorizes the Agency after 30 days of placement to report the accounts with a credit-reporting agency. (i.e. Trans Union)
   
   
9. In the event the debtor moves out of the area serviced by AGENCY, the AGENCY may forward account to an associated AGENCY located in debtors' area. AGENCY will remain responsible to CLIENT for all collection activity on forwarded accounts, rates may be subject to change under these circumstances.
   
   
10. As further consideration for the receipt and handling and collection of accounts by AGENCY, and for the services rendered to CLIENT by AGENCY, the parties agree that each party will assume its own proper responsibility in connection with any claims made by a third party against CLIENT and/or AGENCY. AGENCY being an independent contractor and is licensed and bonded, is solely responsible for the employment, acts and omissions, control and direction of its employees. If the acts of the employees of AGENCY are the proximate cause of any action brought against CLIENT, AGENCY will assume full responsibility for the defense of said action and payment of any resulting judgment. If the acts of CLIENT or employees etc. are the proximate cause of any action brought against AGENCY by third party, then CLIENT will assume full responsibility for the defense of said action and payment of any judgment.
    
    

The provisions of this agreement will override any and all contrary or conflicting provisions contained in the past or present agreements.

Their duly authorized and empowered representatives enter into this agreement by and between AGENCY and CLIENT on this day.

Print | Rate Request