Agreement Receivable Statement For Graduate School In Fulton

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

Description

The Agreement Receivable Statement for Graduate School in Fulton is a legal document that outlines the terms under which a corporation (referred to as "Client") assigns its accounts receivable to a purchasing corporation (referred to as "Factor"). Key features of this agreement include the assignment of current and future accounts receivable, obligations of both parties regarding sales and delivery of merchandise, credit approval measures, and the assumption of credit risks by Factor. Filling out the form requires entering specific details such as the names of the Factor and Client, dates, and applicable percentages for commissions and fees. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in business finance, as it allows them to structure financial transactions involving accounts receivable securely and clearly. It is designed to facilitate the transfer of receivables while ensuring necessary checks are in place to manage risk and maintain financial integrity. Furthermore, it details the responsibilities and rights of both parties, providing a comprehensive framework for managing disputes and obligations in relation to the assigned accounts.