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The following conditions are the only conditions, which A-1
Credit Control & Investigations Ltd hereafter referred to as
A-1.C.C .& I (the supplier) deals with the customer whose name and
signature appear above in the space provided for such name and
signature.
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Any representative of
the supplier may not vary either in writing or these terms and conditions
orally, unless previously agreed by the management of A-1 CC. & I prior
to the signing of this agreement and with written confirmation.
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The client agrees to pay
an annual registration subscription of £150.00 plus VAT at the
current rate, which will be non-refundable.
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The client agrees to pay
A-1 CC. & I commissions according to their standard charge rates of 20%
£1 .00-£200.00, 15% £201.00- £5000.00, 10% £5001 .00-£l0,000.00 7.5%
£10,000.00 and above, on all moneys recovered, for and on behalf of the
client once actioned by A1.C.C.& I. Or in the event of the client either
withdrawing the account from action from A1.C.C.& I or breaching any of
these conditions the client will be liable to pay A-1.C.C.& I the full
commissions at the above rate on all accounts passed to them for action
irrespective of whether recovery has taken place or not.
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Under the system of debt
recovery used by A1.C.C.& I. all moneys recovered will be paid directly
into A-I. C.C.& I Client Account held with the TSB BANK PLC or any other
bank nominated by the company from time to time.
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The client shall notify
A-1. C.C. & I immediately of any payment of moneys/settlement received
directly from any debtor once the account has been actioned with A-l C.C.
& I and forward the appropriate fees/commissions, upon demand to
A-1.C.C.& I. Failure to do so will result in a breach of this contract
and the client will be immediately liable to pay full commissions on any and
all accounts being actioned at the time, irrespective of whether recovery
has taken place or not. A-1.C.C.& I shall be at liberty to take
any steps necessary to recover all such fees and money’s due plus any and
all additional expenses whatsoever incurred arising from such action and to
include interest at the rate of 4% above the current& base rates at the
time.
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In the event of the
annual agreement, not being renewed on it’s annual date the client will be
liable for payment of the full commissions on all, or any accounts, already
actioned by A-1.C.C. & I. Irrespective of whether payment has been
received or not.
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The client shall not
subject any of the debts contracted to A1.C.C. & Ito any other debt
collecting agency or an other appropriate body or person. Breach of this
clause will make the client liable for payment of full commissions as above
on all accounts rendered toA-1.C.C. & I for collection, irrespective of
whether any money’s have been recovered or not.
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A-1.C.C.& I
reserve the right to withdraw from any client’s debt account, if they feel
that the expense of recovery will exceed the debt involved or that there is
no likelihood of recovery from the debtor.
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A-1 .C .C. & I will
not under any circumstances whatsoever become party to any agreement or
understanding of any kind made between the client and the debtor, for
whatever purpose. Whether such agreement or understanding arises as a result
of any action taken by A-1.C .C. &I or any other persons. In the event
of the client or any person representing the client coming to an agreement
or undertaking with the debtor for the payment of the account at a lesser
value than the original amount or withdrawing from the recovery, without the
written agreement A1.C.C.& I. the client will be liable for the payment
of all commissions against the full amount.
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We/ I have read
and agree that these terms and conditions are reasonable and
enforceable.
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The client instructs and
fully authorizes A-1.C.C.& Ito act on the client’s behalf, and that
A-l C.C. & I shall be entitled to instruct Solicitors and take any
necessary legal action on behalf of the client in order to recover any
debts/overdue accounts passed to them.
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We will make a search
with a credit reference agency, which will keep a record of that search and
will share that information with other businesses. We may also make
enquiries about the principal directors with a credit reference agency.
