Agreement between Attorney and Client to Collect a Judgment
Agreement made on the (date), between (Name of Attorney) of (street address,
city, state, zip code) , referred to herein as Attorney, and (Name of Client), of (street
address, city, state, zip code) , referred to herein as Client.
For and in consideration of the mutual covenants contained in this agreement,
and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties agree as follows:
1. Services to be Performed
To collect money Client is owed by (Name of Debtor) pursuant to a Judgment
rendered on (date) in the (Name of Court) for $_____________________.
2. Attorney will use his best efforts to collect the money due Client pursuant to said
Judgment. Attorney’s fee will be fifty percent (50%) of all sums collected, Client agrees
to advance costs of $____________ which are anticipated to be out-of-pocket expenses
to Attorney in collecting said Judgment. Client shall advance such costs prior to
Attorney’s seeking to collect said Judgment. Client has the ultimate authority over
settlement and/or compromise of any debt. THERE WILL BE NO FEE OWED TO THE
ATTORNEY IF THERE IS NO SUCCESSFUL RECOVERY.
3. Client agrees that Attorney is authorized to initiate Collection by a demand letter.
If payment is not made in full or substantially in full within ___ days of said Letter, Client
hereby authorizes Attorney to take such steps as he deems best to collect said
Judgment including, but not limited to, writ of garnishment and judicial foreclosure.
4. Client authorized Attorney to endorse and negotiate and/or deposit checks
collected on Client’s behalf into Attorney’s trust account and withdraw Attorney’s portion
(fees and costs) of said funds. Client authorize Attorney as Client’s agent to forward
matters to other law firms and or to associate or co-counsel with other firms at no
additional costs to client.
5. Client agrees to forward to Attorney all payments received directly from said
Judgment Debtor for deposit into Attorney’s trust account; in event same does not occur
Client agree to pay Attorney immediately the applicable collection fee on the said
payment. The contingent rate is due to Attorney if Client or any one designated by
Client receive any funds or other consideration from any source by or on behalf of any
person or entity against whom we are retained by you to pursue in this Collection
matter.
6. Attorney reserves the right to cease work on collection of this Judgment if
Attorney it to substantially “uncollectable" in his own discretion. This determination may
include the decision that it is economically unfeasible for Attorney to continue litigation
or collection efforts because there are insufficient assets to justify collection. If in our
opinion, the case involves an unsecured/ substantially uncollectible claim or bankruptcy,
Attorney reserves the right to withdraw representation.
7. If Attorney withdraws or is discharged for any reason, Attorney shall be entitled to
receive from Client any and all monies due and owing to us on account of costs
advanced.
8. Severability
The invalidity of any portion of this Agreement will not and shall not be deemed to
affect the validity of any other provision. If any provision of this Agreement is held to be
invalid, the parties agree that the remaining provisions shall be deemed to be in full
force and effect as if they had been executed by both parties subsequent to the
expungement of the invalid provision.
9. No Waiver
The failure of either party to this Agreement to insist upon the performance of any
of the terms and conditions of this Agreement, or the waiver of any breach of any of the
terms and conditions of this Agreement, shall not be construed as subsequently waiving
any such terms and conditions, but the same shall continue and remain in full force and
effect as if no such forbearance or waiver had occurred.
10. Governing Law
This Agreement shall be governed by, construed, and enforced in accordance
with the laws of the State of __________.
11. Notices
Unless provided herein to the contrary, any notice provided for or concerning this
Agreement shall be in writing and shall be deemed sufficiently given when sent by
certified or registered mail if sent to the respective address of each party as set forth at
the beginning of this Agreement.
12. Mandatory Arbitration
Any dispute under this Agreement shall be required to be resolved by binding
arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party
shall select one arbitrator and both arbitrators shall then select a third. The third
arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by
the rules of the American Arbitration Association then in force and effect.
13. Entire Agreement
This Agreement shall constitute the entire agreement between the parties and
any prior understanding or representation of any kind preceding the date of this
Agreement shall not be binding upon either party except to the extent incorporated in
this Agreement.
14. Modification of Agreement
Any modification of this Agreement or additional obligation assumed by either
party in connection with this Agreement shall be binding only if placed in writing and
signed by each party or an authorized representative of each party.
15. Assignment of Rights
The rights of each party under this Agreement are personal to that party and may
not be assigned or transferred to any other person, firm, corporation, or other entity
without the prior, express, and written consent of the other party.
16. Counterparts
This Agreement may be executed in any number of counterparts, each of which
shall be deemed to be an original, but all of which together shall constitute but one and
the same instrument.
17. Compliance with Laws
In performing under this Agreement, all applicable governmental laws,
regulations, orders, and other rules of duly-constituted authority will be followed and
complied with in all respects by both parties.
18. In this Agreement, any reference to a party includes that party's heirs, executors,
administrators, successors and assigns, singular includes plural and masculine includes
feminine.
WITNESS our signatures as of the day and date first above stated.
________________________ _________________________
(P rinted Name of Attorney) (P rinted Name of Client)
(Signature of Attorney) (Signature of Client)
State of _____________________
County of ___________________
Personally appeared before me, the undersigned authority in and for the said
County and State, on this (date), within my jurisdic tion, the within-named (Name of
Client) , who acknowledged that he executed the above and foregoing instrument.
________________________________
NOTARY PUBLIC
My Commission Expires:
____________________
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FAQs
Here is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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