Factoring Agreement Document With Cost In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Factoring Agreement Document with Cost in Bexar is a contract between a factor and a client, outlining the purchase of accounts receivable. This agreement allows the client to obtain immediate funds against outstanding invoices while the factor assumes credit risks associated with those receivables. Key features include the assignment of accounts receivable, credit approval processes, and terms for payment and commissions. Users must fill in details like names, addresses, and specific conditions related to the sale of receivables. The document is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who handle commercial agreements, as it provides a structured approach for securing capital. Specific use cases include cash flow management for businesses, facilitating rapid growth, and managing credit risk effectively. Additionally, the agreement includes clauses for warranties, breach of contract, and dispute resolution through arbitration, making it a comprehensive tool for legal and financial professionals.
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FAQ
The factoring agreement will also include representations that each factored account is bona fide and represents indebtedness incurred by the customer for goods actually sold and delivered to the customer; that there are no setoffs, offsets, or counterclaims against the account; that the account does not represent a ...
Documents you will have to provide: Factoring application. Articles of Association or registered Amendments to the Articles of Association of your company. Annual report for the previous financial year. Financial report (balance sheet andf profit/loss statement) for the current year (for 3, 6 or 9 months, respectively)
