Agreement Receivable Statement With Text In Florida

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

Description

The Agreement Receivable Statement with text in Florida serves as a formal contract between a factor (financial entity) and a client (seller), facilitating the purchase of accounts receivable. This document outlines the assignment of accounts receivable, indicating that the factor assumes ownership without recourse unless specified. It includes provisions for sales, credit approvals, and credit risk assumptions. The form highlights the responsibilities of both parties, such as notifying customers about the transfer of accounts and establishing credit limits. Key features also include a profit and loss statement requirement, the power of attorney for collection purposes, and terms for termination. This template is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides clear guidelines for securing financing against receivables, helping clients manage cash flow efficiently, and ensuring legal compliance during transaction processes. Filling and editing instructions emphasize the need for accurate completion of client details, terms definitions, and numerical specifics, making it accessible to users with varying levels of legal experience.
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FAQ

Here's all it takes to provide for notice by email only: For a notice under this agreement to be valid, it must be in writing and delivered by email. It will be deemed to have been received when sent. That doesn't take into account that delivery might fail.

(a) Florida Statutes. The basic form is: Legal Documents: ► § 350.34, Fla. Stat.

695.25 Short form of acknowledgment. —The forms of acknowledgment set forth in this section may be used, and are sufficient for their respective purposes, under any law of this state. The forms shall be known as “Statutory Short Forms of Acknowledgment” and may be referred to by that name.

Is an email considered written notice? Generally, yes — email is considered written notice. While states have varying laws regarding when property owners should provide written notices and what forms of communication count as such, emails are generally accepted as written notices.

Section 17.20, Florida Statutes, requires each state agency to assign delinquent accounts to a CFO's contracted collection agent within 120 days after the date the accounts are due and payable. Agencies use a standard template to assign delinquent accounts to a collection agent.

The Accounts Receivables Statements are documents that itemize all invoices, payments, and credits created during a specific time period, and whose intention is to remind the account holder of their account status. Statements can be mailed, emailed, faxed, or previewed.

Accounts receivable are listed under the current assets section of the balance sheet and typically fluctuate in value from month to month as the company makes new sales and collects payments from customers.

OWNERS MAY ELECT TO PROVIDE FOR FULLY FUNDED RESERVE ACCOUNTS UNDER SECTION 720.303(6), FLORIDA STATUTES, UPON OBTAINING THE APPROVAL OF A MAJORITY OF THE TOTAL VOTING INTERESTS OF THE ASSOCIATION BY VOTE OF THE MEMBERS AT A MEETING OR BY WRITTEN CONSENT.

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Agreement Receivable Statement With Text In Florida