Fidelis Collection Contract
RECEIVABLES COLLECTION AGREEMENT
This Agreement is made this (the “Effective Date”), by . (the “Client”) and (the “Collector”).
Business Legal Name:
City / State / Zip:
Contact name: Position:
Business Legal Name: Fidelis Recovery Management, LLC State of Incorporation/Organization: Georgia
Physical address: 2221 New Market Parkway, Ste 108 City: Marietta State: GA Zip: 30067
Mailing address: 2221 New Market Parkway, Ste 108 City: Marietta State: GA Zip: 30067
Date business started: 6/3/2013 Federal ID or EIN#: 46-2892707
Contact name: Adam Elder Position: President
Phone: (404) 800-5270 E-Mail: email@example.com
Collector shall provide, for and on behalf of the Client, collection services in respect of Claims in accordance with all the terms and conditions set forth herein.
As used herein, the following terms shall have the following meanings:
“Claim(s)” – means the delinquent accounts referred by the Client to Collector for collection pursuant to this Agreement.“Collector” – means Fidelis Recovery Management, LLC.“Commission(s)” – means the amounts to which Collector shall be entitled, which are contingent fees based upon a percentage of the Collections received on Claims and are described in Section 5 below.“Collections” – means the aggregate proceeds collected by Collector in payment of a Claim.“Nonpaying Claim(s)” – means any Claim not subject to a payment arrangement or that has not had a payment made on the Claim for ninety (90) days.“Recalled Claim(s)” – means Claims the Client has recalled from Collector in accordance with the terms of Section 3 below.“Trust Account” – means accounts segregated from accounts containing operating funds.
EFFECT TERMINATION. In the event of the termination of this Agreement, unless such termination was by Client pursuant to paragraphs 4.2.1., 4.2.2. or 4.2.3., Client agrees to allow Collector to continue collection services, and to receive the Commissions agreed upon herein, on all Claims which are in repayment or have documented payment arrangements for a period no longer than six months following the date of termination.
5. COMMISSIONS AND PAYMENTS
Date of Service:
Less than 1 Year
1 – 2 years
6. TRUST ACCOUNTING
7. REPRESENTATIONS, COVENANTS AND WARRANTIES
Each party (as “Recipient”) may have access to, and each party (as “Owner”) may provide to the other party, information that the Owner regards as confidential or proprietary. “Confidential Information” includes information of a commercial, proprietary or technical nature and, with respect to the Client, information related to the obligors under Claims. Confidential Information must be held in confidence and disclosed only to those employees or agents whose duties reasonably require access to such information. Recipient shall protect the Owner’s Confidential Information and prevent the unauthorized use, disclosure or duplication of such Confidential Information. In the event of any disclosure or loss of, or inability to account for, any of owner’s Confidential Information, Recipient must promptly notify Owner in writing. If Recipient is required by a court or governmental authority having proper jurisdiction to disclose any Confidential Information, Recipient must promptly provide to the Owner notice of such request to enable the Owner to seek an appropriate protective order. Recipient is required to develop appropriate security measures for the proper storage, disposal and destruction of Confidential Information. Upon expiration of Recipient’s limited right to use the Confidential Information or the termination of this Agreement, Recipient must return all physical embodiments thereof to Owner or, with Owner’s written permission, Recipient may destroy the Confidential Information.
[Signature Page Follows]
Signed by Adam Elder
Signed On: August 7, 2015
If you have questions about the contents of this document, you can email the document owner.
Document Name: Fidelis Collection Contract
Agree & Sign