Factoring Agreement Sample With Cost In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Factoring Agreement Sample with Cost in Dallas is a comprehensive contract designed to facilitate the sale and assignment of accounts receivable between a factor and a client. It outlines essential terms including assignment of receivables, the process for sales and delivery of merchandise, and credit approval requirements. Key features include the assumption of credit risks by the factor, the calculation of purchase prices based on net receivables minus a commission, and the necessity for the client to maintain accurate records of the transactions. The document includes provisions for profit and loss statements, rights under client contracts, and the power of attorney for the factor to act on behalf of the client. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for understanding the factors involved in a factoring agreement while ensuring compliance with legal standards. It serves as an essential tool for those engaged in business financing, offering clarity on responsibilities and protections for both parties involved.
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FAQ
Documents you will have to provide: Factoring application. Articles of Association or registered Amendments to the Articles of Association of your company. Annual report for the previous financial year. Financial report (balance sheet andf profit/loss statement) for the current year (for 3, 6 or 9 months, respectively)
