Factoring Agreement Sample With Retainer In Dallas

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

Description

The Factoring Agreement Sample with Retainer in Dallas serves as a formal contract outlining the transaction between a factor and a client concerning the assignment of accounts receivable. This document details the assignment of accounts receivable, sales and deliveries of merchandise, credit approval processes, and the assumption of credit risks by the factor. It emphasizes the necessity for clear communication to customers regarding the change in ownership of receivables and establishes terms for the purchase price, including adjustments for commissions and reserves. The agreement ensures transparency between the parties by requiring regular profit and loss statements and permits the factor to maintain oversight of the client's financial records. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or litigation, as it provides a structured approach to managing credit risks and facilitates the assignment of receivables for improved cash flow management. Users are advised to fill in specific details such as names, dates, and percentages, and to consult with a legal professional when editing to ensure compliance with applicable laws and regulations.