General Terms and Conditions
1. The following Terms and Conditions are the only Terms and Conditions with which International Reclaim Committee (the "Company") contracts with the person whose name and address appear overleaf (the "client"). The client hereby instructs the Company to undertake fraudulent recovery using any lawful means it deems appropriate, including visiting the debtor's address provided by the client or an address the Company has discovered.
2. The terms and conditions of this agreement cannot be changed.
The Service
3. In accordance with:
3.1 Payment of the contract price detailed overleaf and subject strictly to the terms and conditions of this agreement, the Company, its servants or agents shall provide a debt collection service for a period of 120 days but not exceeding one year.
3.2 By payment of the subscription fee detailed on the reverse and subject strictly to the terms and conditions of this agreement, the Company, its servants or agents shall provide a fraud recovery service for the individual debt detailed and fully described in the collection request provided by the customer. If multiple debtors are listed on a single collection request, this will be noted as a multiple processing contract internally.
4. The service provided shall commence immediately upon signing this contract and the subscription fee shall be credited to the Company immediately in cleared funds.
5. In order for this contract not to be an annual contract, we will assume your debt for 120 days. If no collections have been made by that time, we have the discretion to extend the contract at no additional cost to our customer.
6. The company is not required to provide interim written reports. We will provide case updates if required.
Litigation
7. In various situations, we recommend formal legal action in the debt collection process. In such cases, the Company will offer the client a meeting with our solicitors or, if expressly indicated by our client, we will liaise with our solicitors on behalf of the client.
7.1 Where the client (or the Company on behalf of the client) instructs our solicitors to act on its behalf, all costs, fees, conveyancing and other related expenses will be governed by agreements between the client and our solicitors. The Company shall not agree, vary or negotiate the fees charged by our solicitors to the client in the course of their work if any matter is referred to us. The Company shall not be responsible for the actions of our solicitors in relation to instructions from the client.
7.3 If we are instructed by our clients to undertake any additional legal work outside of this contract, this will be passed to our solicitors and will be paid accordingly.
Receipt and payment
8. International Reclaim Committee will not under any circumstances become a party to any agreement, however made or created, between the client, its servants or agents and any debtor / or third party, its servants or agents.
8.1 International Reclaim Committee will charge a 15% commission on all amounts recovered, unless otherwise agreed on the reverse.
8.2 The Client, its servants or agents agree to give the Company, its servants or agents, at their registered office address, written notice of the receipt of monies in accordance with the debts referred to the Company for collection and in accordance with the terms and conditions of this agreement and to collect directly from the debtor party or its agents within seven days of receipt of such monies.
8.3 The client party agrees to pay to the Company the costs, interest and agreed commission and VAT on this account at the rate set by Parliament for the time being at the date of receipt of the client monies.
8.4 Any sums paid directly to the client by our client since the date of this contract will be deemed to have been collected and therefore our commission will be charged and immediately payable.
The Customer
9. Its servants or agents hereby agree to give the International Reclaim Committee, its servants or agents, at its registered office address, written notice of receipt of funds in accordance with the debts referred to the International Reclaim Committee for collection and in accordance with the terms and conditions of this contract, and to receive directly from the Customer, its servants or agents, within seven days of receipt of such funds.
9.1 The client party hereby agrees to pay to the International Reclaim Committee the costs, interest and agreed commission and VAT in accordance with a tariff set by Parliament at the time at which the funds received by the client party become due for payment.
9.2 Any amounts paid directly to the client since the date of this contract will be deemed to have been collected and therefore our commission will accrue and be immediately due and payable.
9.3 International Reclaim Committee reserves the absolute right and freedom to place funds in accounts as it sees fit for the purpose of retaining such funds, if the client agrees to the debtor's request to redeem amounts payable under an instalment transaction, commissions and/or fees payable to International Reclaim Committee will also accrue up to the amount of all instalments agreed in accordance with the current rates agreed between the client and International Reclaim Committee Payment will become mandatory for the client upon receipt of the first instalment from the debtor.
9.4 In the event that the debtor defaults on the agreed instalments, the International Reclaim Committee will attempt to recover the remaining amount.
9.5 If unsuccessful, the client will not be entitled to a refund of commissions or fees, whether or not the International Reclaim Committee is successful in recovering the remaining amount.
Agreement
10. This agreement is subject to English law and governs the interpretation, performance and validity of the terms and conditions of this document and any contract between International Refund Committee and the client.
10.1 International Refund Committee and the client submit to the jurisdiction of the English courts as International Refund Committee shall determine in its sole discretion.
10.2 International Refund Committee will not discuss any part of your agreement with any third party, and therefore this agreement is binding under Non-Disclosure Agreement (NDA) terms.
10.3 Both parties agree that no part of this contract shall be discussed with any other party.
10.4 No part of this contract shall be discussed in the public sphere either during or after the term of the contract, including internet forums, social media and online review sites without the express authorisation of International Refunds in accordance with the General Data Protection Regulation (GDPR).
10.5 Breach of this non-disclosure agreement will result in the immediate granting of a restraining order with an immediate obligation to pay significant costs.
