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RPS Worldwide
1311 Indiana Avenue
St. Cloud, FL 34769
Ph. 877-285-9929 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:
GOLD (9-12 account placements per month) (A fee of $54.00 per month)
SILVER (5-8 account placements per month) (A fee of $39.95 per month)
BRONZE (1-4 account placements per month) (A fee of $19.99 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
Gold 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 877-382-4642 , and 30 days following placement, the
commission due RPS Worldwide on any direct payment received by CLIENT
shall be remitted to RPS Worldwide within fourteen (14) days.
4. All claims placed with RPS Worldwide by CLIENT, regardless of amount,
shall be collected by RPS Worldwide at NO 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.
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