Factoring Agreement Template For Professional Services In Broward

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

Description

The Factoring Agreement template for professional services in Broward is a comprehensive contract between a factor and a client that facilitates the sale of accounts receivable. This agreement allows clients to obtain funds by selling their receivables to the factor, who then assumes the risks associated with these accounts. Key features include the assignment of accounts receivable, credit approval processes, and clear instructions for invoicing customers. Users must complete the form by entering relevant details such as names, addresses, and specifics about receivables. It is essential for attorneys, partners, owners, associates, paralegals, and legal assistants to familiarize themselves with the terms to ensure compliance and protection. Filling and editing are straightforward, requiring careful attention to the clauses that govern payment terms, risk assumptions, and rights under the contracts. This template is particularly useful for businesses looking to improve cash flow or those in need of immediate capital based on outstanding invoices. Additionally, clear provisions regarding termination, arbitration, and modification of the agreement enhance its utility and enforceability.