Agreement General Form Contract For Smart In Dallas

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

Description

The Agreement General Form Contract for Smart in Dallas serves as a foundational document for establishing a factoring agreement between two parties, the Factor and the Client. This contract allows the Client, a seller of goods on credit, to assign its accounts receivable to the Factor in exchange for immediate funding. Key features include clear assignment of accounts receivable, provisions for sales and delivery notifications, credit approval processes, and responsibilities concerning credit risks and collections. The form requires accurate filling of Client and Factor information, dates, and specific terms, particularly regarding percentages and timelines for payments. Editing is straightforward, focusing on modifying financial terms and delineating responsibilities. This document is essential for multiple stakeholders, including attorneys who may draft or review such agreements, partners and owners who seek to secure funding, associates involved in day-to-day operations, and paralegals or legal assistants who assist in documentation processes. Use cases often pertain to businesses requiring cash flow support while engaging in credit sales, making it a crucial tool for financial management in commercial settings.