Common use of Interest and Collection Costs Clause in Contracts

Interest and Collection Costs. If for any reason your bill is not paid as agreed to in this Fee Agreement, interest will be charged on any outstanding balance at the rate of 2% per month compounded monthly. If it becomes necessary to take legal steps to collect your fee, you agree to pay costs of collection in addition to reasonable attorneys' fees for our and our staff's efforts, or that of an attorney and his/her staff hired on our behalf to collect the fee. You also agree to pay all fees and costs charged by any collection agency. An attorneys' lien exists on any documents in our file, and on any funds under our control, to secure payment of fees and costs and on any sums due you, or on deposit with us, with a court, or in Trust.

Interest and Collection Costs. If for any reason your bill is not paid as agreed to in this Fee Agreement, interest will be charged on any outstanding balance at the rate of 2% per month compounded monthly. If it becomes necessary to take legal steps to collect your fee, you agree to pay costs of collection in addition to reasonable attorneys' fees for our efforts and for our staff's efforts, or that of an attorney and his/her staff hired on our behalf to collect the fee. You also agree to pay all fees and costs charged by any collection agency. An attorneys' lien exists on any documents in our file, and on any funds under our control, to secure payment of fees and costs and on any sums due you, or on deposit with us, with a court, or in Trust.