Agreement Receivable Statement With Multiple Conditions In Broward

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

Description

The Agreement Receivable Statement with Multiple Conditions in Broward outlines the formal relationship between a Factor and a Client, detailing the assignment of accounts receivable. This document facilitates the purchase of outstanding invoices from the Client by the Factor, enabling the Client to secure immediate funding against their receivables. Key features include provisions for the assignment of accounts, credit approvals, and the assumption of credit risks associated with sales. Fill out the form by entering the names and addresses of both parties, specify the applicable terms, and ensure all signatures are obtained. This agreement is beneficial for attorneys and legal assistants by providing a clear structure for securing financial transactions related to receivables, while also protecting the interests of both parties involved. Paralegals and associates can utilize the document as a basis for negotiating terms and ensuring compliance with legal standards in Broward. Owners and partners equally benefit by effectively managing cash flow through the sale of receivables, thus supporting business operations.