Factoring Agreement Sample With Recourse In Broward

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

Description

The Factoring Agreement sample with recourse in Broward is a formal contract between a Factor, which purchases accounts receivable from a Client engaged in selling merchandise on credit. This agreement outlines the rights and obligations of both parties, including provisions related to the assignment of receivables, credit approval processes, and terms of payment. Key features include definitions of Client Risk Accounts, the terms for invoice processing, and responsibilities for managing returned merchandise. Users must fill in specific details such as names, dates, and percentages based on their unique situations. It serves various legal professionals by providing a structured approach for securing financing against receivables while minimizing risks and exposure to credit losses. Attorneys and paralegals can utilize this form to assist clients in understanding the implications of the agreement, while owners and associates can leverage it to facilitate business operations through accessible funding. Proper completion of this document ensures clarity in financial dealings, thus aiding in compliance and operational efficiency.