Collection Agreement Defined
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What is a Collection Agreement?
A collection agreement is a contract between a grantor trustee and a collection agency that allows the latter to collect debts for the former. Sometimes, when a company has delinquent accounts, they turn to a collection agency to help them secure debts from the delinquent customers.
The collection agreement advises how much the collection agency buys the debts for, and in what manners they are permitted to attempt to collect on them. The agreement also states how long the parties are contracted for and what steps should be taken to end the partnership.
Who Helps With Collection Agreements?
Lawyers with backgrounds working on collection agreements work with clients to help. Do you need help with a collection agreement?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate collection agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Meet some of our Collection Agreement Lawyers
Gregory F.
Greg Fidlon has been practicing exclusively in employment law since 1998. He represents and advises clients in all aspects of the employment relationship. In addition to his litigation work, Greg regularly negotiates and drafts corporate policy handbooks, employment contracts, separation agreements and restrictive covenants. He also develops and presents training programs and has spoken and written extensively on labor and employment law topics.
"The proposal price was very reasonable, and the lawyer promptly scheduled a consultation, and provided sound legal advice."
Orly B.
Orly Boger has worked in the high tech industry and in a leading law firm before launching her law firm. Orly focuses on startup companies and technology transactions. She structures and negotiates software and technology license agreements, strategic partnerships, cloud-based/SaaS agreements, internet related transactions, OEM agreements, supply, distribution, telecommunications. In addition, Orly has experience in serving as an in-house legal counsel for start up companies at various phases of their development, providing strategic legal advise to entrepreneurs and emerging companies with a comprehensive understanding of the business and legal issues. She has been helping companies develop a legal strategy for all aspects of their operations, from commercial transactions and partnerships, scalable SaaS or services agreements, privacy policies, employment related policies, open source licensing and much more.
"Quick response every time, fast to revise the documents. Great to give advice"
Sunnita B.
Experienced sports and entertainment attorney. I specialize in contracts, business formation, licensing, wage disputes, negotiations, and intellectual property.
"Sunnita was quick to respond to my questions. Great service."
March 26, 2022
Pankaj R.
I advise clients in the areas of business, trademarks, real estate, employment, and finance. My overarching goals are to unite creative people and companies to assist them in making sound legal and business decisions. I have been fortunate enough to build a fast-growing, 21st-century law firm with an amazing staff by my side. Our focus is not just on providing invaluable legal insight but creating a better all-around client experience. We provide unique subscription pricing and flat-fee options for our clients, providing billing transparency and enhanced value to all of our wonderful clients. Focus areas: contract drafting, negotiations, research, trademarks international law, entertainment, business development, entity choice; business: manager, team builder, leader, motivator. Speaking Engagements: National Business Institute (NBI) - "Business Contracts 101"
March 26, 2022
Neilson B.
Hi, I am the founding member of Son of Brown Law Firm, based in Charlotte North Carolina. Our firm practices in the areas of Business Transactions, Cannabis/Hemp, Personal Injury and Immigration Law.
March 29, 2022
Patrycja S.
Freelance attorney helping others beat overflow work by assisting with legal research, legal drafting, discovery, litigation support and client relations.
May 17, 2022
Jerry L.
Jerry provides legal advice to business owners regarding contracts, business law, labor & employment, wills and estates, and real estate.
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I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
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