Agreement General Form With Collateral In Florida

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

Description

The Agreement general form with collateral in Florida is designed for use between a factor and a client engaged in selling merchandise on credit. This form outlines the process for the assignment of accounts receivable from the client to the factor, enabling the client to obtain funds and commercial credit against their receivables. Key features include detailed sections on credit approval, the assumption of credit risks, the purchase price structure, and the rights of the parties, emphasizing the responsibility of the client to report and manage their accounts. Filling and editing instructions advise users to input specific information such as names, dates, and percentages relevant to the transaction. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in the financial transactions of businesses seeking to leverage their accounts receivable. It provides a clear framework for managing obligations and protecting both parties' interests, ensuring compliance with Florida laws.