Terms & Conditions

     Without the payment of any advance fee, but in consideration of the listing and services to be performed, the account(s) listed are submitted and assigned by the party or firm whose signature appears below and are accepted by RecoverCorp Inc. under the following terms and conditions.

     The creditor warrants all names and amounts, listed herein, to be correct and legally due to the best of his/her knowledge and authorizes RecoverCorp Inc. to collect, settle, adjust and forward them at it's discretion.

     Commission is to be paid to the agency on all monies paid direct to the creditor, whether paid prior to assignment or after, to the agency, or by contra account. Where applicable, merchandise accepted for return will be assessed at 1/2 rate. This provision will apply to all accounts from the date of assignment onward, unless otherwise specified in a written agreement between the creditor and RecoverCorp Inc.. Our terms are payable upon receipt.

     Any action by the creditor to make direct arrangement with the debtor in respect of the outstanding debt, or intervenes in such manner as to prevent RecoverCorp Inc. from further pursuing the collection, there shall immediately become due and payable to RecoverCorp Inc., an amount equal to the amount payable had the entire amount of the debt been successfully collected by RecoverCorp Inc..

     Legal action will not be commenced without the express written consent of the creditor, who must first forward all the required documentation, as requested by RecoverCorp Inc., and court costs. No commission is charged on the recovery of court costs, which shall be returned to the creditor, before deduction of any commissions due RecoverCorp Inc.

     The creditor may withdraw account(s) from RecoverCorp Inc. at their discretion upon written notification being submitted not less than 90 days in advance. RecoverCorp Inc. also agrees to return all accounts on which no payment or arrangement to pay has been made after the prescribed time period and in conjunction with the written request. Should the creditor withdraw accounts within 90 days as placed in error or
for any other reason, said accounts will be subject to a commission rate that is equal to half the regular commission rate.

     RecoverCorp Inc., under this agreement, has Power of Attorney to endorse all cheques, postal notes, and money orders received by RecoverCorp Inc. made payable to the creditor for credit to the accounts assigned. RecoverCorp Inc. assumes no responsibility in the event that an account listed for collection becomes proscribed by the statute of limitations.