Common use of Debt Recovery Clause in Contracts

Debt Recovery. We have a robust debt recovery procedure and a copy is available on request. If one or more proprietors do not provide us with the required funds we may have to suspend services until such time as the development bank account has sufficient funds to pay ongoing liabilities. We may share this information with the other co-proprietors subject to data protection legislation. If we are unable to recover a debt from a proprietor following all reasonable legal means we may spread the debt amongst the other co-proprietors.

Appears in 4 contracts

Samples: Factoring Service Level Agreement, Level Agreement, Level Agreement

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