Agreement Accounts Receivable For Cash In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Agreement Accounts Receivable for Cash in Pima is a formal document outlining the terms under which a factor (a financial institution or entity) purchases a seller's accounts receivable. Key features of the agreement include the assignment of existing and future accounts receivable, the process for sales and delivery of merchandise, and the factor's rights regarding credit approval and collection methods. The form specifies conditions including the assumption of credit risks by the factor, the calculation of purchase prices, and the maintenance of accurate book entries. Filling instructions emphasize that both parties must provide accurate information and may require specific documents to substantiate transactions. This agreement is particularly useful for attorneys, partners, and business owners engaged in credit transactions as it facilitates cash flow by allowing businesses to sell their receivables. Paralegals and legal assistants can aid in compiling the necessary documentation, ensuring compliance, and managing records, making this document vital for effective business operations.
Free preview
Form popularity
FAQ
Pima offers payment plans for fall, spring, and summer terms. Use the payment plan estimator to see how your payments will be scheduled based on your residency, credits, and enrollment.
