Agreement Accounts Receivable With Credit Card Processing In San Jose

• Category: Contracts - Factoring
• State: Multi-State
• City: San Jose
• Control #: US-00037DR
• Format: Word; Rich Text

Description

The Agreement Accounts Receivable with Credit Card Processing in San Jose outlines the terms between a Factor and a Client for the purchasing of the Client's accounts receivable. Central to this agreement are several essential elements: the absolute assignment of accounts receivable to the Factor, the approval process for credit sales, and the assumption of credit risks. This form stipulates that the Client must notify their customers that the accounts receivable are now owned by the Factor, and it details the responsibility of the Client regarding invoicing and merchandise delivery. The Factor has the right to collect debts and manage customer accounts, providing protection against customer credit risks. The agreement also includes credit approval provisions and the handling of returned merchandise. Target users, including attorneys, partners, and paralegals, will find this form instrumental in ensuring proper legal compliance and risk management when dealing with accounts receivable. Furthermore, it offers clear instructions for filling out necessary details and provides a structured framework for both parties to maintain transparency and accountability throughout the transaction.