Credits to: mikaelastafrace | Indemnity clauses – what they are, how they work and how to make them for you
It won’t come as a surprise that it’s super important that you have good agreements and documents in place when you serve your clients.
This protects not just you and your company, but also protects the consumer and is a perfect place for consumers to expect stuff like payment terms, service delivery and repercussions for late or non-payment.
Add this:
Should we need to send you to collections for non-payment, you are responsible for all reasonable collection and legal fees associated with recovering the past-due amount, not us.
What fees?
In case you don’t know, most collection firms and certain lawyers, bill a percentage of the dollars they collect as their commissions. This is considered a contingency charge which can vary greatly based on conditions on the account, such as:
- age
- amount
- level of debt, and much more.
