Agreement Accounts Receivable With Credit Card In Tarrant

• Category: Contracts - Factoring
• State: Multi-State
• County: Tarrant
• Control #: US-00037DR
• Format: Word; Rich Text

Description

The Agreement accounts receivable with credit card in Tarrant is a legal document between a factor and a client, formalizing the purchase of the client's accounts receivable in exchange for funds. Key features include the full assignment of receivables to the factor without recourse, terms for sales and delivery notifications to customers, and requirements for client credit approvals. It outlines how client risk accounts are managed, alongside the assumption of credit risks by the factor for certain receivables. The form also includes provisions for pricing, payment timelines, and the submission of financial statements for monitoring purposes. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this agreement to facilitate the factoring process, ensuring that all parties are aware of their rights, responsibilities, and risks involved. Filling and editing instructions emphasize providing accurate client information, completing sections on payment structures, and adhering to signatures and authorizations mandated in the agreement. This document is essential for businesses seeking liquidity through their receivables, while also providing legal protection and clarity in financial transactions.