Form Assignment Accounts Receivable With Credit Card In Harris

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

Description

The Form Assignment Accounts Receivable with Credit Card in Harris is a comprehensive agreement facilitating the purchase of accounts receivable by a factor from a client. It outlines the terms under which the client assigns its receivables to the factor, including conditions of sales and delivery, credit approvals, and the assignment of risks. Users must ensure all sales are conducted under the factor’s name and properly notify customers of the assignment. Key features include provisions for the factoring of receivables, credit risk management, and the duties of both parties concerning invoices and payments. Filling out the form requires users to input specific details such as company names, addresses, and percentages applicable to commissions. This form is particularly useful for attorneys, owners, and partners who need a structured approach to manage and secure financing based on their business's accounts receivable. Legal assistants and paralegals can assist in drafting, editing, and ensuring compliance with the terms set forth in the agreement, while associates may review the document for accuracy and completeness before final execution.