Transworld Systems Inc. Performance Guarantee
If Client uses the collection service in accordance with all instructions stated within the agreement, TRANSWORLD SYSTEMS INC. guarantees the Client will collect a minimum of two (2) times the total purchase price of their Order Form/Agreement (identified as Amount of Order) after the completion of service on all Accounts.
CONDITIONS OF GUARANTEE: (1) All Accounts purchased are submitted within 24 months from the date on the agreement; (2) The average principal balance is $50 or more per Account; (3) All Accounts submitted must be filled out completely, with correct debtor addresses, specifying the Date of Last Payment or Charge, not involving bankrupt Accounts or Accounts submitted more than 12 months from the Date of Last Payment or Charge; (4) This Guarantee is void and does not apply if 10% or more of the Accounts submitted are Mail Returns.
If mail is returned, TRANSWORLD SYSTEMS INC. will notify Client and cancel that Account. Upon placement of a reorder, Client may purchase replacement Accounts for any or all Accounts cancelled due to Mail Return or expiration, at the then-current replacement fee(s).
If this Guarantee is not met, then TRANSWORLD SYSTEMS INC. will refund at its option, either:
- The total purchase price of the Accounts purchased (identified as Amount of Order); or
- The cash difference between double the total purchase price of the Accounts and the dollar amount collected.
TRANSWORLD SYSTEMS INC. assumes no responsibility for, nor does it authorize, any statements, acts, or promises of any person other than the written statements contained herein and in the Installation Guide.