Factoring Agreement Document Without Comments In Contra Costa

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

Description

The Factoring Agreement Document without comments in Contra Costa outlines the arrangement between a factor and a client regarding the sale and purchase of accounts receivable. The document specifies that the client assigns accounts receivable to the factor as absolute owner, subject to certain conditions, including credit approval and risk management. Key features include provisions for the assignment of receivables, sales and delivery protocols, and credit risk assumptions. The form requires clients to report returns, claims, and disputes promptly and details the calculation of the purchase price, including factor commissions. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in facilitating financing arrangements, as it provides a structured approach to managing accounts receivable. Filling and editing instructions emphasize providing accurate business information and ensuring proper legal terminology is maintained throughout. Specific use cases include aiding businesses in securing immediate cash flow against invoices and facilitating negotiations with financial institutions.