Common use of COLLECTION PROCEEDINGS Clause in Contracts

COLLECTION PROCEEDINGS. The parties acknowledge and agree that this agreement contemplates work to be done by the Firm that requires substantial investment of Firm funds and time, that the decisions to undertake such work are highly subjective in nature and are made based upon the Firm’s investigation of the debtor’s financial position. For this reason the Firm retains the right to undertake or not undertake any and all collections proceedings as it deems financially viable based on the information developed during its investigation of the debtor. The Firm agrees, however, upon the separate written request of the Client, to provide reasonable verbal or email notification the Client prior to commencement of any particular post- judgment proceeding, e.g., real or personal property levy, garnishment, attachment, etc..

Appears in 2 contracts

Sources: Post Judgment Collections Retainer Agreement, Post Judgment Collections Retainer Agreement

COLLECTION PROCEEDINGS. The parties acknowledge and agree that this agreement contemplates work to be done by the Firm that requires substantial investment of Firm funds and time, that the decisions to undertake such work are highly subjective in nature and are made based upon the Firm’s investigation of the debtor’s financial position. For this reason the Firm retains the right to undertake or not undertake any and all collections proceedings as it deems financially viable based on the information developed during its investigation of the debtor. The Firm agrees, however, upon the separate written request of the Client, to provide reasonable verbal or email notification the Client prior to commencement of any particular post- post judgment proceeding, e.g., real or personal property levy, garnishment, attachment, etc..

Appears in 1 contract

Sources: Post Judgment Collections Retainer Agreement