TERMS OF SERVICE
SERVICE AGREEMENT / TERMS AND CONDITIONS
Premier Asset Recovery LLC Terms of Service
This agreement is made on this date between Premier Asset Recovery LLC (hereinafter referred to as “PAR”) and the user, hereinafter referred to as the “Creditor/Client,” for the collection of delinquent accounts by Premier Asset Recovery LLC on behalf of the Creditor/Client. It is the intent of the Creditor/Client to retain the services of Premier Asset Recovery LLC for the purpose of providing debt collection services. In the interest and spirit of maintaining the highest level of ethical and professional standards, the parties agree to conduct themselves in accordance with the terms stated below.
1. Authorization and Validity of Claims:
The Creditor/Client warrants the validity, amount, and authenticity of all claims placed with Premier Asset Recovery LLC. Upon request, the Creditor/Client agrees to provide documentation to Premier Asset Recovery LLC to substantiate the amount and authenticity of the claim when requested.
2. Collection Authority:
Premier Asset Recovery LLC is authorized to act as it deems appropriate in the collection of claim(s) and is permitted to accept partial payments. Furthermore, Premier Asset Recovery LLC shall have the right to endorse for deposit and collection any checks payable to the Creditor/Client. The compromise or settlement of any outstanding balance will not be made without the consent of the Creditor/Client.
3. Communication Protocol:
The Creditor/Client agrees to cease all communication with the debtor(s). Furthermore, the Creditor/Client agrees that the claim(s) shall not be handled by any other institution, collection agent, or representative. The Creditor/Client also agrees to promptly inform Premier Asset Recovery LLC of any direct communications made by the debtor(s). Claims compromised or settled directly with the debtor are subject to fees as outlined in Article 5 of this agreement.
4. Fee Structure:
All claims placed with Premier Asset Recovery LLC by the Creditor/Client, regardless of the amount, shall be billed according to the following rates:
If we do not recover your money, you owe us absolutely nothing.
33% of the amount collected on accounts that are under one year in age.
50% of the amount collected on accounts that are over one year in age.
50% of any claim placed that has a principal value less than $500.00.
5. Governing Law:
This agreement shall be governed by and construed in accordance with the laws of the state of New Jersey without regard to its conflict of law provisions.
6. Entire Agreement:
This agreement constitutes the entire agreement between the parties concerning the subject matter herein and supersedes all prior or contemporaneous agreements or understandings, written or oral, concerning the subject matter herein.
7. Amendments:
No modification, amendment, or waiver of any provision of this agreement shall be effective unless in writing and signed by both parties.
8. Severability:
If any provision of this agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
By agreeing to these terms, the Creditor/Client acknowledges that they have read, understood, and agree to be bound by the terms and conditions of this agreement.
If you have any questions or concerns regarding these terms, please contact us at [email protected].
Premier Asset Recovery LLC
Date: 01/05/2024