RPS Worldwide
1311 Indiana Avenue
Kissimmee, FL 34769
Ph. 877-661-7047 Fax 877-228-1004
THIS AGREEMENT IS
MADE BETWEEN RECEIVABLE PROTECTION SERVICES, INC., HEREIN REFERRED TO AS
RPS WORLDWIDE AND ______________________________________________ HEREIN REFERRED
TO AS CLIENT.
Level of Service:
Silver (up to eight account placements per month)($39.95 per month)
1. CLIENT hereby engages RPS Worldwide to handle collection of the debts and
accounts placed with RPS Worldwide under the terms and conditions stated below
and to pay the initial fee and monthly payments due for the Bronze Level Invoice
Guard plan. Payments will either be made by check draft or credit card through
Paypal. Upon placement of a claim, where a Debtor owes funds to CLIENT, RPS
Worldwide will use its best efforts to collect the claim on behalf of CLIENT.
RPS Worldwide agrees to charge a commission only on funds actually paid by
Debtor to RPS Worldwide or CLIENT and not the actual amount owed, subject to the
provisions herein.
2. CLIENT warrants the validity, amount and authenticity of all claims placed
with RPS Worldwide for collection. Upon request, CLIENT agrees to forward
documentation to RPS Worldwide to prove the amount, and authenticity of the
claim when requested. No settlement offer is approved without CLIENT’S consent.
3. CLIENT shall report all direct payments made by Debtor to CLIENT to RPS
Worldwide within three (3) business days of receipt of payment by CLIENT via fax
to 877-228-1004 , and 30 days following placement, the commission due RPS
Worldwide on any direct payment received by CLIENT shall be remitted to RPS
Worldwide within Thirty (30) days.
4. All claims placed with RPS Worldwide by CLIENT, regardless of amount, shall
be collected by RPS Worldwide at NO COMMISSION CHARGE to the CLIENT during the
first thirty days of placement with RPS Worldwide. Debtor will receive a minimum
of four letters and ten attempts to contact the Debtor by phone, fax or email
during the first 30-day period. All Payments made by Debtor or merchandise
returned by the Debtor during the first 30 days of placement will either be
directed to be paid directly to the CLIENT or forwarded directly to the CLIENT
immediately upon receipt by RPS Worldwide. Any claim that is forwarded to an
attorney or collection network for further handling after 30 days shall be
billed by RPS Worldwide to CLIENT at a rate of 30% of any and all funds
collected or value of merchandise recovered by RPS Worldwide. Any claim placed
with RPS Worldwide by CLIENT that is involved in active litigation shall be
billed by RPS Worldwide to CLIENT at a rate of 40% of any and all funds
collected or value of merchandise recovered by RPS Worldwide. CLIENT understands
that RPS Worldwide may forward a case or a claim to an outside law firm or
collection network to assist in the recovery of said account and hereby grants
RPS Worldwide permission to do so. CLIENT must give RPS Worldwide approval in
the event that such a transfer will result in an additional charge.
5. Any claim placed with RPS Worldwide by CLIENT that has been previously paid
by Debtor or is placed by CLIENT error will be billed by RPS Worldwide to CLIENT
at a rate of 10% of the claim as an administrative, clerical and initiation fee.
There is a fee of 10% of the principal balance of the account for
administrative, initiation and clerical expense on all accounts withdrawn by
CLIENT following the first thirty days. If the claim has been forwarded to an
attorney in RPS Worldwide’s network, there is a fee of 15% of the principal
balance of the account for cancelling or withdrawing the claim.
6. RPS Worldwide shall account to CLIENT on a monthly basis all funds collected
by RPS Worldwide on CLIENT'S behalf.
7. CLIENT grants to RPS Worldwide and any attorney or collection firm that RPS
Worldwide may forward CLIENT’S case to express authority to endorse and
negotiate any check, draft or other negotiable instrument made payable to CLIENT
for deposit in trust for distribution to CLIENT after deducting the commission
and fees due RPS Worldwide under this agreement. CLIENT specifically appoints
RPS Worldwide as its special limited attorney-in-fact to accomplish the actions
of this paragraph.
8. In no event shall RPS Worldwide be liable in any respect for the inability to
collect any account placed with RPS Worldwide by CLIENT for collection. RPS
Worldwide is not a guarantor of any specific result on accounts placed by
CLIENT.
9. RPS Worldwide shall hold harmless CLIENT from any claim, demand, action, cost
or judgment, including a reasonable attorney's fee arising out of any action
done or failing to be done by RPS Worldwide in connection with the collection of
any claim placed with RPS Worldwide by CLIENT for collection.
10. This agreement shall be construed in accordance with the laws of the State
of Florida. In the event that any provision hereof is found to be invalid or
unenforceable, then that provision shall deemed to be severed and removed and
the remaining provisions shall remain valid and in full effect.
Agreed on this date ______/_____/_______.
_________________________________________For CLIENT.