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1. Parties: Identifies and provides full details of the contracting parties - the client and the collection agency
2. Background: Outlines the context of the agreement, including the client's need for debt collection services and the agency's qualifications
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Appointment and Authority: Establishes the formal appointment of the collection agency and defines the scope of their authority to act on behalf of the client
5. Services: Detailed description of collection services to be provided, including collection methods and procedures
6. Compliance Requirements: Specifies obligations to comply with relevant laws, regulations, and industry standards
7. Fees and Commission: Details the fee structure, commission rates, and payment terms
8. Reporting and Accounting: Outlines reporting requirements, frequency, and accounting procedures for collected funds
9. Privacy and Confidentiality: Addresses handling of personal information and confidential data in compliance with privacy laws
10. Term and Termination: Specifies contract duration, renewal terms, and termination conditions
11. Indemnification: Sets out mutual indemnification obligations and liability limitations
12. General Provisions: Standard contract clauses including governing law, notices, and dispute resolution
1. International Collections: Include when services extend to collecting debts from overseas debtors
2. Legal Proceedings: Include when the agency is authorized to initiate legal proceedings on behalf of the client
3. Skip Tracing Services: Include when the agency will provide debtor location services
4. Credit Reporting: Include when the agency will interact with credit reporting bodies
5. Performance Metrics: Include when specific performance targets and KPIs are required
6. Insurance Requirements: Include when specific insurance coverage levels are required beyond standard coverage
7. Subcontracting: Include when the agency may need to engage subcontractors
8. Data Security: Include when specific data security protocols or standards are required
1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, commissions, and charges
2. Schedule 2 - Service Level Agreement: Specific performance standards, response times, and service metrics
3. Schedule 3 - Operational Procedures: Detailed collection procedures and protocols
4. Schedule 4 - Reporting Templates: Standard formats for regular reporting and accounting
5. Schedule 5 - Compliance Checklist: Specific compliance requirements and procedures
6. Appendix A - Power of Attorney: Standard form of power of attorney if required
7. Appendix B - Communication Templates: Approved templates for debtor communications
8. Appendix C - Security Requirements: Detailed IT and data security requirements
Agency Fees
Applicable Laws
Authorized Representative
Business Day
Client
Collection Agency
Collection Services
Commencement Date
Commission
Confidential Information
Debt
Debtor
Default Interest
Force Majeure Event
GST
Initial Term
Insolvency Event
Intellectual Property Rights
Material Breach
Payment Terms
Personal Information
Privacy Laws
Professional Standards
Prohibited Collection Practices
Recovery Costs
Regulatory Requirements
Related Entity
Renewal Term
Reporting Period
Services
Service Level Requirements
Skip Tracing
Term
Territory
Third Party Costs
Authority
Services
Compliance
Fees and Commission
Payment Terms
Reporting
Confidentiality
Privacy
Data Protection
Service Levels
Performance Standards
Collection Practices
Agency Obligations
Client Obligations
Representations and Warranties
Indemnification
Limitation of Liability
Insurance
Term
Termination
Force Majeure
Assignment
Subcontracting
Dispute Resolution
Governing Law
Notices
Amendment
Entire Agreement
Severability
Third Party Rights
Anti-Money Laundering
Record Keeping
Audit Rights
Intellectual Property
Non-Solicitation
Legal Proceedings
Financial Services
Healthcare
Retail
Telecommunications
Utilities
Insurance
Education
Professional Services
Manufacturing
Real Estate
Legal
Finance
Accounts Receivable
Credit Control
Risk Management
Compliance
Operations
Treasury
Commercial
Procurement
Chief Financial Officer
Finance Manager
Credit Controller
Accounts Receivable Manager
Legal Counsel
Compliance Officer
Risk Manager
Operations Manager
Collections Manager
Commercial Manager
Contract Manager
Treasury Manager
Financial Controller
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