Agreement Accounts Receivable With Credit Card In Travis

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

Description

The Agreement accounts receivable with credit card in Travis is a legally binding document between a factor (lender) and a seller (client) concerning the assignment and purchase of the client’s accounts receivable. This agreement outlines the terms under which the factor purchases the receivables created by the client’s credit sales. Key features include provisions for the assignment of receivables, credit approval processes, assumption of credit risks, and the establishment of a purchase price based on the receivables. It also details the necessary documentation and protocols for notifying customers of the assignment. Filling out this form requires attention to accurate details regarding both parties, their businesses, and any necessary financial figures. It can be edited as required to fit the specific conditions of the agreement, such as commission rates and payment terms. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for facilitating financing transactions through the sale of receivables, managing client risk and debt collection efficiently, while ensuring compliance with state laws. This agreement helps mitigate potential losses and clarifies the rights and responsibilities of both parties involved.