Agreement Receivable Statement With Balance Sheet In Broward

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

Description

The Agreement receivable statement with balance sheet in Broward is a formal document outlining the terms under which a Factor purchases accounts receivable from a Client. This agreement serves to facilitate immediate funding against the Client's sales, allowing businesses to operationalize credit sales efficiently. Key features of the agreement include assignment clauses for accounts receivable, credit approval processes, and stipulations about merchandise sales. Users are guided on how to complete the form, detailing necessary parties, including Factor and Client, and outlining their respective responsibilities. The form also includes sections for financial disclosures, such as profit and loss statements and balance sheets, to ensure accurate bookkeeping and transparency. For the target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, this document is essential for safeguarding their financial interests while providing legal clarity in business transactions. It is primarily used in scenarios involving factoring agreements to ensure legal compliance and protect against potential financial losses. By adhering to the instructions detailed in the form, users can effectively modify and adapt the agreement to fit specific client needs.