Factoring Agreement Sample With Price In Collin

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

Description

The Factoring Agreement Sample with Price in Collin is a comprehensive legal document designed for entities engaged in factoring, enabling them to assign their accounts receivable to a factor in exchange for immediate funding. Key features include provisions for the assignment of accounts, detailed terms for credit approvals, the responsibilities of both the client and the factor, and the process for handling returned merchandise and credit risks. Users are instructed to fill in specific details, such as names, dates, and defined percentages for commissions and reserves. Special attention should be given to maintaining proper documentation and ensuring compliance with the factor's credit limits. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it streamlines the process of securing funding through accounts receivable sales, thus enhancing cash flow for businesses. The structured nature of the agreement also aids in clarifying rights and obligations, making it easier for legal professionals to assist their clients effectively.