I, here-in-after referred to as "Client," agree that I am entering into a contract with National Recovery Network, LLC. A New Mexico Limited Liability Corporation (hereinafter referred to as "NRN LLC")(collectively, the "Parties"). This contract contains the entire agreement and understanding between the Parties and supersedes all prior agreements and understandings, oral or written, concerning the matters covered by this Agreement.
Client agrees and understands that each recovery is unique and NRN LLC's "base fee" DOES NOT INCLUDE hardcore skips, investigation charges, field agent fees, fraud, identity theft, criminal enterprise, national database charges, etc., and that NRN LLC's final invoice is based upon the degree of difficulty in the recovery and the means necessary to recover your particular collateral. NRN LLC's "base fee" is just that, a "base fee," and the expenses encountered engaging in the recovery will result in an increase in the final charge to Client.
"Cases involving fraud, identity theft or criminal enterprise are billed on a sliding scale form 5% to 30% of the fair market value of the property recovered. The scale amount is determined by the degree of difficulty and risk involved in the investigation and the actual recovery, as well as the estimated time for reports or testimony in the event of prosecution."
I agree that by typing my name in the "Electronic Signature" field below, along with my personal identifying information contained in the electronic form submitted with these agreed upon terms, I affirm that I am utilizing my typed name as my electronic signature for purposes of entering this contract, and I intend my electronic signature to be legally binding. I further acknowledge my electronic signature will serve as your authorization to act on my behalf in repossessing and impounding the above-described collateral which is covered by a defaulted installment contract, lease agreement or verbal agreement.
I further agree that by submitting this form, I affirm my legal entitlement to possession of the above described collateral. It is NRN LLC's assumption and assertion that Client is contracting with NRN LLC to legally secure property, to which Client warrants he/she/it is legally entitled. By agreeing to have NRN LLC repossess your collateral, NRN LLC will immediately begin to invest its company resources, invest the efforts of its investigators and field agents, and to invest monies through national database reporting services in the recovery of your collateral. It is rare for a recovery to happen instantly, and sometimes recoveries can take longer than expected due to unforeseen circumstances, therefore it is agreed by both parties that this contract will be in full effect for a minimum of one hundred and twenty (120) days to provide NRN LLC with adequate opportunity to recover your collateral. Any attempted cancellation of this contract during the one hundred and twenty (120) day period from date of assignment will be considered a positive resolution and you will be billed at a base rate plus any additional expenses and charges, if incurred.
Through submission of this form and its accompanying Electronic Signature, Client appoints NRN LLC its exclusive agent for repossessing the above-described collateral. Client warrants he/she/it understands that this means any agent Client previously engaged is no longer authorized to repossess this vehicle unless they are subsequently authorized to do so by NRN LLC. This also means that should Client choose to engage another agent during the 120 day assignment period above who recovers the vehicle, Client may end up paying NRN LLC for a positive resolution and the subsequent agent engaged.
Client also agrees that if the debtor or his agent(s) should surrender the collateral to anyone else during the term of this agreement it will be deemed to have been repossessed and/or a positive resolution and client will be billed accordingly. "Anyone else" is understood to mean but is not limited to, body shops, police impound lots, other repossessors, Client or to any facility under our direct or indirect control.
Client also agrees to indemnify, save and hold harmless NRN LLC, its principals, employees and agents from any and all claims, damages, losses and actions resulting from or arising out of efforts to collect and/or repossess the above claim, except, as may be caused by, or which arises out of, negligence on the part of NRN LLC, its principals, employees or agents.
Client understands that upon successful recovery, collateral will be stored in a storage facility located in the general region of its recovery. Client also understands that the storage facility is not a business entity directed by, or a part of, NRN LLC. NRN LLC's clients are provided ten days of free storage from the storage facility, but the facility will then charge Client up to $35.00 per day in storage fees after the tenth free day. NRN LLC does not pay storage fees and these are the responsibility of Client when Client redeems its collateral from the storage facility. If needed and requested by Client, NRN LLC will provide Client a quote for interstate collateral transport, and NRN LLC will arrange for such transport if Client accepts the quote and pays for the transport in advance. If the above described collateral is located and repair or storage fees are due upon its location, NRN LLC may exercise the option to front the fees for release of collateral at its discretion.
Client understands that Client sought out NRN LLC, this contract is entered into voluntarily, and that client has the choice to use an alternate recovery company. As such, and based on the fact NRN LLC operates extensively in and from Arizona, should a dispute arise regarding this contract, NRN LLC and Client agree that this contract is governed by the laws of the State of Arizona and any and all legal action must be commenced and maintained in the Superior or Justice Courts of Maricopa County, Arizona. By entering this contract, both NRN LLC and Client agree that the Courts of Maricopa County, Arizona will maintain exclusive subject matter and personal jurisdiction over the contract and the parties. In the event NRN LLC finds it necessary to institute collections action or legal action to collect fees and costs owing by Client, Client agrees to pay reasonable attorneys' fees, court costs, and collection expenses expended by NRN LLC.