Forster Mercantile Free Demand Letters
Please fill out the form below to activate this offer:
TERMS AND CONDITIONS
(Please note that these terms and conditions can only be changed by agreement in writing)
1. You appoint Forster Mercantile as your debt collection agent.
2. When instructed Forster Mercantile will forward Demand Letters to your customers using the details you provide. You warranty that there is an outstanding amount and that the amount can be verified. You confirm that there is no valid defence for the amount claimed.
3. Forster Mercantile will contact you after the Demand Letter period of 7 days to seek instruction. In the event of non payment by the debtor Forster Mercantile will suggest the next action. If payment has been made within this period, the matter will be closed without Commission.
4. Once instructed to continue with collection action after the 7 day Demand Letter period, no arrangements or negotiations should be made with the debtor without Forster Mercantile first being notified. Dealing directly with the debtor, after an account has been placed for collection, may affect your legal rights of recovery.
5. Forster Mercantile, once instructed to continue with collection action after the 7 day Demand Letter period, is authorised to take any action necessary to attempt collection of outstanding accounts submitted and is entitled to commission (which is subject to change with 30 days written notice) if the matter is paid (to us or you) withdrawn, held for more than one month, a contra is made or if a credit is passed.
6. All incidental expenses such as solicitors fees, court fees, defended solicitors costs, service fees and other charges are payable to Forster Mercantile when charged but refunded if and when recovered from the debtor by Forster Mercantile. We will seek your confirmation of the action/charge before it is incurred. These charges are not fixed and changes occur. Current charges are available on request.
7. In the event that Forster Mercantile is carrying solicitors costs on behalf of the client, Forster Mercantile is entitled to charge those costs if the matter is held, the matter is withdrawn, a payment is made, the matter is defended or Forster Mercantile is prevented from collecting the costs from the debtor by the client. The client will still be responsible for the court fees associated with the collection of solicitors costs should the debt be paid.
8. Forster Mercantile will remit monthly the balance of trust monies after deducting all charges. Any debit statement rendered by Forster Mercantile is payable STRICTLY 7 DAYS. Interest of 1.5% per month will be charged on all accounts outstanding 30 days or more from invoice/statement. Action will be held on any account where Forster Mercantile’s account remains unpaid beyond 30 days of the invoice/statement date.
9. The client authorises Forster Mercantile to select from its panel of solicitors to provide the legal services for the client should they be required.
10. All legal actions will be initiated from NSW courts unless further instructions are given by the client. The client authorises FMC or it's employees to sign court documents relating to the matter as an authorised person on behalf of the plaintiff.
11. Forster Mercantile shall be entitled to retain custody of any papers, documents and files until any account rendered is paid in full.
12. The client is responsible for keeping Forster Mercantile informed of any changes to its registered details. All changes should be advised in writing to PO Box 20410, World Square NSW 2002 or email collections@ForsterMercantile.com.
Agreed Commission rate on Recovered Debts Over $1000 is 12% + GST
Agreed Commission rate on Recovered Debts Under $1000 is 18% + GST
