Terms and conditions
(1) Upon placement of a
claim(s), where a debtor owes funds to client, RHK
Recovery Group will use its best efforts to collect
the claim(s) on your behalf. (2) Commissions will be
charged in accordance with our posted rate schedule.
Claims against debtors that are out of business,
deceased. 2nd placements or insolvent may be subject
to additional fees. (3) Client shall report all
direct payments made by debtor to client. Client will
be responsible for fees on all payments received after
date of placement, whether debtor payment is received
by RHK Recovery Group or the client directly. (4)
RHK Recovery Group reserves its rights of offset on
past due invoices from collection funds after
deducting its commissions. (5) Client grants RHK
Recovery Group and any attorney or collection agency
that RHK Recovery Group may forward clients claim
to, authority to endorse and negotiate any check,
draft or other negotiable instrument made payable to
client for deposit to RHK Recovery Group special
collection account for distribution to client after
deducting commissions and fees due RHK Recovery
Group under this agreement. (6) Client understands
that RHK Recovery Group may at their discretion
forward a claim to an outside law firm or collection
agency to assist in the recovery of said account and
grants RHK Recovery Group permission to do so. It
is further understood that client must give RHK
Recovery Group approval. (7) Client authorizes RHK
Recovery Group and its agents to execute necessary
documents and releases on claims placed. (8) Out of
pocket expenses refer to, but are not limited to,
legal expenses, debtor research, asset
investigation and debtor analysis. RHK will
seek approval on advanced expenses whenever possible. (9) RHK
Recovery Group will be entitled to its earned
commission on any claim withdrawn or merchandise
returned and accepted by client unless otherwise
agreed to in advance. (10) RHK
Recovery Group may retain compensation for its costs and expenses and
any sums collected over and above the principal amount of the claim.
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