Client Agreement  

The following mutual agreement represents a legally binding contractual arrangement for collection services between two parties.

The first party being _________________________________, hereafter referred to as the “client” and the second party being Sierra Nevada Adjustment Group, Inc., hereafter referred to as “agency”. Both parties are mutually bound by this agreement, having affixed their signatures hereto and thereby granted their written consent to the following parameters:

1.) The client agrees to provide the agency with accounts for collection as well as all pertinent information available that could assist the agency in the recovery thereof. The agency agrees not to directly or indirectly compete for or solicit any customers of the client from any proprietary information received from the client.

2.) The agency's fees are solely contingent based at a rate of ____% for commercial accounts and ____% for consumer / retail accounts, and are calculated based on the gross dollars paid, regardless of whatever fees or interest have been legally included in the balance of an account or whether the dollars are paid to the agency or the client. Contingent rates are based on no collection, no pay.

3.) The client will be invoiced periodically as deemed necessary by the agency for any payments received by the client and the invoice will be due net 10 days.

4.) Any monies due the client by agency will be remitted to the client for the previous months net collections and the remittance will be sent by the agency on or about the 15th of each month.

5.) It is understood and agreed, that once an account has been placed with the agency, any application of funds or credits by the client to such account, whether it is for credits based on errors or omissions, an application of cash funds or any monetary instrument or tender of payment for which credits are issued for merchandise, collateral, or any type of property that has been returned, recovered, accepted, entitled, conveyed or surrendered to or by the client or to or by the agency or one of its affiliates, no matter what the source may be, is subject to the agreed upon contingency rate as described in this agreement. The formula for value on any type of property received by the client will be based on the current Fair Market Value of such property.

6.) Monthly status reports are available upon request or available online via website monitoring as directed, and will be done on or about the last day of each month.

7.) A 15% commercial contingency rate  and a 12% consumer / retail contingent rate increase will be added to the agreed upon contingency rate should an account be forwarded by the agency for pre-legal-collection or litigation to one of its affiliate law firms.

 8.)  In order to litigate an account, the client’s authorization must be sent to the agency in writing before any legal proceeding shall commence. The client further agrees to forward all court costs and non-contingent suit fees (if applicable) for authorized litigation accounts to the agency prior to the filing of any legal action. These costs are not refundable but are usually recoverable through judgment collection.

9.) The client agrees to give the agency and its affiliates a power of attorney to deposit any funds received from the client's debtors directly into their respective bank accounts for later remittance.

10.) The client may cancel this agreement at any time by sending the agency a 45 day written notice via certified mail requesting cancellation of the agency / client relationship / agreement. For any reason it deems necessary, the agency may cancel the agreement immediately by notifying the client of the cancellation via mail, fax, email or telephone and the cancellation may be executed without stated cause. It is understood and agreed that any accounts in which payment arrangements have been made by the agency or any of its affiliates, prior to or during the term of any cancellation period, will be carried forward beyond the expiration of the cancellation period, until such arrangements are met or falter, as determined by the agency and its affiliates.

Authorized signer for the client: __________________________________date_____________

Authorized signer for the agency: ________________________________date_____________