Factoring Agreement Sample With Recourse In Bexar

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

Description

The Factoring Agreement sample with recourse in Bexar facilitates the assignment of accounts receivable from a seller (Client) to a factoring company (Factor) for immediate funding, while allowing for potential recourse under specific conditions. Key features of this agreement include the assignment of receivables, requirements for sales and delivery notifications, and the handling of credit approvals. It also outlines the responsibilities of both parties regarding client risk accounts, profit-sharing, and the provision of financial statements. This form is particularly useful for attorneys, partners, and owners in managing cash flow and reducing credit risk associated with customer sales. Paralegals and legal assistants will find this document essential when drafting, reviewing, or advising on financing arrangements involving accounts receivable. Proper filling includes careful attention to the identification of parties, the terms of recourse, and compliance with credit limits established by the Factor. The agreement serves as a strategic tool for businesses in Bexar looking to enhance liquidity and maintain operational stability.