Legal SOA Form

LEGAL STATEMENT OF ACCOUNT (SOA)

This Statement of Account ("SOA") is made on between Client Name: (hereinafter "Claimant") and Respondent Name: (hereinafter "Debtor"). Claimant and Debtor may be referred to collectively as the "Parties."

RECITALS

WHEREAS, Claimant provided goods and/or services to Debtor pursuant to the agreement identified as Contract/Reference No. dated ;

WHEREAS, Claimant has issued invoices, demands, or account statements to Debtor for the amounts set forth below, and Debtor has not paid such amounts in full as of the date of this SOA;

WHEREAS, the Parties desire to set forth the outstanding account balance, interest, and payment terms in a binding written statement for purposes of collection, reconciliation, and potential enforcement.

NOW, THEREFORE, in consideration of the mutual covenants set forth below, the Parties agree as follows:

1. DEFINITIONS

For purposes of this SOA, the following terms shall have the meanings set forth: "Account" means the ledger of invoices and adjustments described in Section 3; "Outstanding Balance" means the principal unpaid amount shown in Section 4; "Interest" means any post-default interest assessed pursuant to Section 5.

2. STATEMENT OF ACCOUNT

Claimant certifies that the following charges, credits, and adjustments constitute a true and accurate statement of the Account as between the Parties as of the date of this SOA.

3. ITEMIZED CHARGES

Provide individual entries below. Attachments may be appended and incorporated by reference if signed by both Parties.

4. INTEREST AND CHARGES

Unless otherwise agreed in writing, interest shall accrue on the Outstanding Balance at the annual rate indicated below from the date each invoice or charge became due until paid in full. Interest shall be computed daily and compounded monthly where permitted by law.

5. PAYMENT TERMS AND ACCORD

Debtor shall pay the Outstanding Balance and accrued interest in accordance with the schedule below. Payment made pursuant to this SOA shall not constitute a waiver of Claimant's right to pursue amounts not expressly settled in writing.

6. DISPUTE PROCEDURE

Any dispute by Debtor concerning the accuracy of the charges set forth in this SOA must be submitted in writing to Claimant within days of receipt of this SOA, specifying the basis for the dispute with reasonable particularity. Failure to timely dispute shall be deemed acceptance of the Account as stated.

7. REPRESENTATIONS, WARRANTIES AND CERTIFICATION

Each Party represents and warrants that it has the authority to enter into this SOA and that the statements herein are true, accurate, and complete to the best of its knowledge. Claimant certifies that the amounts identified are due, unpaid, and not subject to any valid setoff except as expressly noted.

8. NOTICES

All notices, demands, or communications required or permitted under this SOA shall be in writing and delivered to the addresses set forth below or to such other address as a Party may designate by written notice in accordance with this Section.

9. MISCELLANEOUS

Governing Law: This SOA shall be governed by and construed in accordance with the laws of the jurisdiction specified below without regard to conflict of laws principles.

Entire Agreement: This SOA constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior written or oral agreements relating to the Account.

Severability: If any provision of this SOA is held invalid or unenforceable by a court of competent jurisdiction, such provision shall be severed and the remaining provisions shall remain in full force and effect.

Amendments and Waiver: This SOA may be amended only by a written instrument signed by both Parties. No waiver of any provision shall be effective unless in a writing signed by the Party granting the waiver.

Counterparts: This SOA may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.

CERTIFICATION

The undersigned certify under penalty of law that they are authorized representatives of the Party for which they sign and that the information contained in this Statement of Account is true, correct, and complete to the best of their knowledge.

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