Factoring Agreement Editable Format In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

The Factoring Agreement editable format in Fairfax is a legal document designed for the assignment of accounts receivable from a seller (Client) to a factor (Factor) who provides immediate funds based on these receivables. Key features include the assignment of current and future accounts receivable, terms for sales and delivery notification, credit approval conditions, and the assumption of credit risks by the Factor. Users are instructed to fill in necessary details, such as names, dates, percentages, and monetary amounts where indicated. The agreement serves multiple use cases for legal professionals, including facilitating funding for clients, structuring sales agreements, and managing risk. Attorneys, paralegals, and legal assistants will find it essential for drafting, reviewing, and ensuring compliance with financial agreements. Additionally, owners and partners can utilize this form to secure liquidity while maintaining control over receivable collections. The editable format allows for customization to meet unique business requirements in Fairfax.
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FAQ

We follow the Golden Rule: we treat others as we would want to be treated.

Prem Watsa CM (born 5 August 1950) is an Indian-Canadian billionaire businessman who is the founder, chairman, and chief executive of Fairfax Financial Holdings, based in Toronto. He has been called the "Canadian Warren Buffett." He was awarded the fourth highest civilian award of India, Padma Shri, in January 2020.

Major shareholders: Fairfax Financial Holdings Limited NameEquities% 1832 Asset Management LP 3.677 % 852,625 3.677 % Prem Watsa 2.242 % 519,831 2.242 % Mercier Vanderlinden Asset Management NV 0.9102 % 211,030 0.9102 % Lee, Danner & Bass, Inc. 0.4520 % 104,793 0.4520 %21 more rows

Watsa, directly, and indirectly through 1109519 Ontario Limited, The Sixty Two Investment Company Limited and 810679 Ontario Ltd., owns the controlling equity voting interest of Fairfax Financial Holdings Limited ("Fairfax").

The Company is controlled by its chairman and Chief Executive Officer, Prem Watsa, who has a 42% voting interest.

Fairfax Financial Holdings Limited is the controlling shareholder of Fairfax India. Fairfax Financial Holdings Limited is a Toronto based financial services holding company with a global presence in insurance and reinsurance and a portfolio of assets invested worldwide.

Structure. Our companies are decentralized and run by the presidents except for performance evaluation, succession planning, acquisitions, financing and investments, which are done by or with Fairfax. Investing will always be conducted based on a long term value‑oriented philosophy.

This will help you understand your rights and options. Contact the factoring company. Talk to the factoring company directly and explain the situation. Ask them why the release hasn't been issued yet and when you can expect it. Be polite and professional, but be firm in your request. Get everything in writing.

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Factoring Agreement Editable Format In Fairfax