Common use of Collection Fee Clause in Contracts

Collection Fee. The PARTIES agree that for any breach of the payment obligations by the CLIENT in the terms agreed in this Contract, the collection of a $ 200.00 (Two Hundred Pesos 00/100 MN) plus VAT fixed Collection Fee is established, which should be covered in the next payment In the event of judicial requisition of the amounts owed, related to the breach of this contract, the CLIENT undertakes to pay unilaterally additional to the Collection Fee, the costs and related judicial costs, as well as the attorneys' fees. The CLIENT cover all types of extrajudicial expenses and collections that XXXXXXXX would have to pay due to the breach of any obligation stipulated in this Contract.