This checklist is available to inform you of this document in question and to help you establish it. The signing of this Agreement justifies the agreement between the Parties and avoids any confusion as to the details of recoveries and payments to the Parties. The AGENCY carries out collection activities on behalf of the client at all times in accordance with all laws and legal regulations and keeps the CLIENT free from any claim related to illegal collection activities. A regular report on the status of all collections shall be submitted to the client by the AGENCY at least every ______ The agency receives a fee of __ % of all amounts collected on behalf of the client. The AGENCY may deduct its fee from the amounts collected; However, all amounts due to the client are accounted for in a separate fiduciary account. In the event that a debtor returns goods, the value for the purposes of the contract is the net selling price received for the same product or, if the product is accepted by the customer, its wholesale value. The client has the right to withdraw accounts as soon as they have been transferred by the Agency, but when recovery is made under these accounts, it is declared to the AGENCY and the agency fees are paid. The AGENCY is responsible for all expenses related to its collection efforts, with the exception of court costs and attorneys` fees, where recourse is authorized and court and attorneys` fees are authorized. Any costs of appeal or legal action must be authorized in writing before they are issued. The CLIENT has the right to carry out, either by himself or by representatives, accountants and appointed accountants, audits of the accounts and records of the AGENCY in order to verify the accounts. The AGENCY declares that it is duly authorized, bound, endowed with competent and trained collectors` staff (if necessary) and that it can have reasonable and legitimate effects on the recovery of the customer`s debts. ____________ _______ ____ are legally due and due. The CLIENT must, upon request, provide the AGENCY with source documentation for all accounts due and verification of a balance due.
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