Factoring Agreement Contract With Nike In Allegheny

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

Description

The Factoring Agreement Contract with Nike in Allegheny is a legal document that establishes the terms under which a Factor purchases a Seller's accounts receivable, allowing the Seller to obtain funds against future payments owed by customers. Key features include the assignment of receivables, credit approval processes, and stipulations regarding the sales and delivery of merchandise. The form also outlines how the purchase price is calculated, how commission fees are applied, and the responsibilities of both parties concerning credit risks and warranties. It requires clear labeling of invoices sent to customers and sets terms for profit and loss reporting. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to efficiently manage and structure financial agreements involving accounts receivable. Proper filling and editing involve ensuring accurate information about both parties, adhering to the required format for documentation, and providing necessary financial disclosures. This agreement is particularly relevant for businesses seeking immediate cash flow by leveraging their receivables, as well as legal professionals tasked with assisting companies in these transactions.