Business Collector Document

BUSINESS COLLECTOR AGREEMENT

This Business Collector Agreement ("Agreement") is entered into as of Effective Date: by and between Client Name: , Client Address: ("Client"), and Collector Name: , Collector Address: ("Collector").

RECITALS

WHEREAS, Client maintains accounts receivable arising from sales of goods or services and desires to engage Collector to pursue collection of certain delinquent accounts described in this Agreement; and

WHEREAS, Collector represents that it is duly authorized and experienced in the business of collection services and will perform such services in accordance with applicable federal, state and local laws and industry standards; and

WHEREAS, the parties desire to set forth their respective rights and obligations with respect to the collection of accounts as set forth herein.

SCOPE OF WORK

Collector shall use commercially reasonable efforts to recover amounts due to Client on accounts submitted for collection. Services include account evaluation, debtor contact by written notice and telephone, negotiation and settlement of claims on terms authorized by Client, forwarding of payments to Client, and reporting. Collector shall not commence litigation except upon prior written authorization by Client.

PAYMENT TERMS

Fee Structure: Client engages Collector on the following fee basis (select and complete the applicable fee terms).

Collector shall remit to Client all collected principal amounts, less authorized fees and costs, in accordance with the payment schedule. Collector's commissions are earned upon receipt by Collector of funds from debtors and are payable within the time period specified in the payment schedule.

TERM AND TERMINATION

Term: This Agreement shall commence on Start Date: and shall continue until End Date: unless earlier terminated as provided herein.

Either party may terminate this Agreement for material breach by the other party if such breach is not cured within the notice period set forth above following written notice. Termination shall not relieve Client of liability for fees earned or expenses incurred prior to termination. Provisions that by their nature survive termination shall survive.

CONFIDENTIALITY

Each party acknowledges that during the performance of this Agreement it will receive confidential and proprietary information of the other party. Each party agrees to maintain the confidentiality of such information, to use it only for purposes of performing under this Agreement, and not to disclose such information to third parties except as necessary to perform the services or as required by law. The obligations of confidentiality shall survive termination for a period of three (3) years.

COMPLIANCE; STANDARDS OF CONDUCT

Collector shall carry out collection activities in a professional manner and in compliance with all applicable federal, state and local laws, rules and regulations governing debt collection and privacy. Collector shall not engage in any harassing, deceptive or abusive collection practices. Client shall provide accurate account information and shall not direct Collector to engage in unlawful practices.

RECORDS, REPORTING, AND AUDIT

Collector shall maintain complete and accurate records relating to collection activity and shall provide Client with regular reports, at minimum monthly, detailing actions taken, amounts collected, sums remitted, and outstanding balances. Client shall have the right to audit Collector's records relating to Client accounts upon reasonable prior notice during normal business hours.

INDEMNIFICATION; LIMITATION OF LIABILITY

Client shall indemnify and hold Collector harmless from and against any liabilities, claims, damages, losses and expenses (including reasonable attorneys' fees) arising from Client's breach of this Agreement, inaccurate account information, or Client-directed conduct. Collector shall indemnify and hold Client harmless from and against claims arising from Collector's gross negligence, willful misconduct or material breach of law in performing its obligations. Except for willful misconduct or indemnified claims, neither party shall be liable to the other for incidental, consequential or punitive damages.

GOVERNING LAW; DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to conflict of law principles. The parties shall first endeavor to resolve disputes by good faith negotiation. If negotiation fails, disputes shall be resolved by binding arbitration before a mutually agreed arbitrator, with the arbitration to take place in the county of the governing law state unless otherwise agreed.

ENTIRE AGREEMENT

This Agreement, including any schedules and account submission forms executed by the parties, constitutes the entire agreement between the parties regarding the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. Any amendment must be in writing and signed by both parties.

MISCELLANEOUS

Notices under this Agreement shall be in writing and delivered to the addresses set forth above or to such other address as a party may designate in writing. If any provision of this Agreement is declared invalid or unenforceable, the remaining provisions shall remain in full force and effect.

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