This agreement between;
- Praetorian Legal of Unit 2, Marlin Office Village, 1250 Chester Road, B35 7AZ (hereinafter referred to as “Praetorian”), and;
- [CLIENT NAME] of [ADDRESS], (the ‘Client’)
I/We hereby confirm my instruction and engage the services of Praetorian to undertake the recovery of the monies I/we have paid in respect of [FINANCIAL PRODUCT] from my/our credit provider.
I/We understand that in consideration of the work undertaken in recovering the aforementioned monies, I/we agree to irrevocably pay a fee of 25% of all monies recovered on my/our behalf to Praetorian. I/We further understand that no fee will be payable by me/us should Praetorian fail to obtain a settlement on my/our behalf.
|Example 1: All Compensation Is “Cash In Hand” as loan/card is already paid off in full.||Example 2: Compensation includes “Cash In Hand” award with a reduction in overall loan/card balance||Example 3: Compensation is used to offset arrears consumer has to reduce or settle outstanding balance on loan/card|
|Total Compensation||£1,000*||Total Compensation||£1,000*||Total Compensation||£1,000*|
|Of Which Cash||£1,000*||Of Which Cash
|Of Which Cash
Set Off Arrears
|Fee Charged at 25%||£250*||Fee Charged at 25%||£250*||Fee Charged at 25%||£0*|
|Consumer Receives||£750*||Consumer Receives||£250*||Consumer Receives||£0*|
(*Examples and figures are to provide an illustration and do not reflect exact amounts)
I/We agree to be bound by this agreement and further agree not to accept settlement from any other source whilst this agreement is in force with Praetorian.
I/We understand that I/we have an obligation under this agreement to assist Praetorian in their negotiations and communications with my/our credit provider.
I/We are required to disclose to Praetorian all written and verbal correspondence relating to this matter and will co-operate fully throughout the duration of my/our claim. I/We will also be required to provide all documents I/We have relating to the [FINANCIAL PRODUCT], including but not limited to any documents signed with the provider, any terms and conditions, any advertising materials you might have received. Those documents will be used by us to assess the claim itself and will only ever be disclosed to the provider and/or the Financial Ombudsman, but not to any third party.
I/We understand that I/we may also incur the cost of obtaining my/our bank and or credit statements, if I/we do not have copies. Such a request will be made by way of a Data Subject Access Request and will incur a fee of £10.
Praetorian will not accept any offer settlement without prior consent of the Client, subject to Client being advised upon what is reasonable by Praetorian.
I/We hereby agree to all of the Terms set out in this agreement in its entirety.
[Hereafter, “you” refers to the customer and “us” / “we” refers to Praetorian Legal.]
Except as provided below, this Agreement, including all information relating to you, Praetorian Legal and the case itself, is subject to absolute confidentiality and as such, while it is in force and for six months thereafter, you and Praetorian Legal
- Discuss details, distribute or disclose any part of this documentation to any person or third party whosoever.
- They must seek agreement before any form of disclosure is made to any party save for seeking legal advice from a properly regulated legal professional (Solicitor/ Barrister) and/ or disclosure in formal proceedings in a Court of Law or as otherwise required for us to perform our services.
Under the confidentiality you MUST NOT discuss, distribute or disclose any details in part or full about this case across any internet forums, blogs or any social media channels whatsoever. Disclosure of any kind under this agreement constitutes a breach.
A copy of our Complaints Procedure is attached hereto for your information.
You have the right to cancel this contract within 14 days without giving any reason. The cancellation period will expire after 14 days from the day of the conclusion of the contract.
To exercise the right to cancel, you must inform us Praetorian Legal Limited of Fort Dunlop, Fort Parkway, Birmingham. B24 9FE, 0121 369 1575, email address email@example.com of your decision to cancel this contract by a clear statement (e.g. a letter sent by post, fax or e-mail). You may use the model cancellation form at the end of this document but it is not obligatory.
To meet the cancellation deadline, it is sufficient for you to send your communication concerning your exercise of the right to cancel before the cancellation period has expired.
However, you have the right to withdraw from this contract after the 14 day cooling-off period detailed above.