Law Debt Collection Ltd - Don't Let Bad Debt Ruin Your Business

Terms Of Engagement Form...

Client Name :
Postal Address:
Street Address :
Phone :	Fax :
Email :
Name of Person Authorising This Agreement :
Position Held Within Firm :
Please ensure you read the following in full before accepting our Terms Of Engagement (To print a copy of the terms of engagement please click here) Required Information 1. Law Debt Collection Limited (Law Debt) requires and the Creditor agrees to provide all information relating to the outstanding debt including the following: (a) The debtor’s current address (or if the current address is unknown, the last known address of the debtor); (b) The debtor’s last known telephone number; (c) Any application forms completed by the debtor; (d) Any invoices or statements issued to the debtor; (e) The originals of any dishonoured cheques (or copies, where originals are not available); (f) Full copies of any correspondence with the debtor in relation to the outstanding debt; (g) Details of any other communication with the debtor in relation to the outstanding debt. We trust that the Terms of Engagement and Terms and Conditions are read carefully and meet with your approval. Please sign and initial all pages and return to Law Debt Collection Limited. If further assistance is needed, please do not hesitate in contacting the undersigned on the above number or 0275-900-094.
ON BEHALF OF LAW DEBT COLLECTION LIMITED Date :
ON BEHALF OF CLIENT (This section needs to be completed before your account is active) Date :
Do You Have The Privacy Act Clause In Your Credit Application : Yes No
Do You Have The Debt Recovery Clause In Your Terms And Conditions : Yes No
Name of person completing this form:
Email Address of person completing this form:
The Creditor’s Obligations 2. The Client warrants and confirms that all information, instructions and details provided to Law Debt, as to the debt claimed to be due from the debtor and / or any information (whether orally or written) provided to Law Debt in the course of listing the debt with Law Debt and / or in due course of collecting the debt are honest, truthful and not false and / or misleading in any manner, if the information supplied is incorrect and prohibits us from collecting this debt then full commission will be payable by the client. (whether as a result of an omission to provide information or otherwise). 3. The Client warrants that all the information it is aware of, or reasonably ought to be aware of has been provided to Law Debt on the letter of instruction and / or in written format. 4. The Client warrants that it has all the necessary authorities under the Privacy Act 1993 to disclose any and all information provided to Law Debt in the course of listing the debt in question. The Client also warrants that neither it, nor any of the information provided to it is misleading and deceptive within the terms of the Fair Trading Act 1986 and warrants Law Debt in providing that information to third parties is not acting in breach of the Fair Trading Act 1986. 5. Should it become necessary to issue legal proceedings against your debtor, the Client agrees to pay all legal cost incurred on a solicitor / client basis together with all filing and other administration fees incurred within seven (7) days. (Any instructions to commence legal proceedings must be in writing prior to any work being carried out) 6. The Client indemnifies Law Debt in addition to, but not in derogation from any other indemnity given by the Client to Law Debt. (Including any indemnity for all costs, damages, losses incurred by or action taken against Law Debt in defence of any proceeding on a solicitor / client basis arising out all of the information provided to Law Debt, whether in writing, orally, in electronic format, or any other format). It is agreed, for the purposes of this clause Law Debt shall include Law Debt’s servants, agents, employees, contractors and any professional advisors retained by Law Debt. 7. To the extent permissible, the parties agree that the provisions of the Consumer Guarantees Act are contracted out of where the services of Law Debt are not provided to consumers within the meaning of the Consumer Guarantees Act. 8. To the extent considered necessary by the Client Law Debt has advised the Client to take independent legal advice as to its obligations under these terms and conditions. 9. Should Law Debt need to recover monies owing by the client due to costs incurred or commission not paid then all costs incurred will be payable by the client. 10. The fee, which will be charged by Law Debt and which the Client agrees to pay is 15% plus GST. This charge relates to any funds recovered by Law Debt or payments made direct to a client or a client obtaining a benefit in anyway from the actions of Law Debt after a debt has been listed with us. If the client closes a file or accepts an arrangement for payment or payment is made direct to the client or payment has been made prior to the debt being handed to Law Debt collection and our investigations find that payment has been received by the client then full commission will be payable to Law Debt Collection Limited. In the event that payment is made direct to the Client, Law Debt will invoice the Client for their fee upon notice to Law Debt that those funds have been paid. All invoices are payable within seven (7) days of being issued. Legal fees, Tracing and Searches, once authorised are payable by the client. 11. In the event that funds are received by Law Debt, this agreement provides an irrevocable instruction to Law Debt to deduct from such funds all moneys owed by the Client to Law Debt and / or for any work commissioned by Law Debt, from those funds the balance of the money owing to the client will be paid at the end of each month following on cleared funds only. I have read the above thoroughly and by typing in ACCEPT (type accept in box) I/We authorise Law Debt Collection to act as our agents in the recovery of all debt collection matters and agree to pay all commission and costs in accordance with this Electronic/Digital Terms of Engagement completed.