Factoring Agreement Contract For Services In Georgia

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

Description

The Factoring Agreement Contract for Services in Georgia establishes a legal framework between a factor and a seller, enabling the seller to obtain immediate funds by selling their accounts receivable to the factor. This agreement outlines key features such as the assignment of accounts receivable, credit approval processes, and responsibilities for invoicing and collections. It contains provisions for managing credit risks, setting purchase prices, and handling any returns or disputes. The agreement requires the seller to maintain accurate financial records, allow inspections, and submit regular profit and loss statements. Target audiences including attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate transactions, provide clear terms for the parties involved, and ensure compliance with relevant laws in Georgia. Proper filling and editing of this form require attention to detail regarding party information, financial terms, and agreement clauses, ensuring all necessary disclosures are included and understood. This form is essential for businesses seeking liquidity while managing their customer credit effectively.