Factoring Agreement Sample With Retainer In Houston

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

Description

The Factoring Agreement Sample with Retainer in Houston outlines the terms between a Factor (lender) and Client (seller) for the purchase of accounts receivable. Key features include the assignment of existing and future accounts receivable, the requirement for Client to provide all necessary documentation, and the Factor's right to approve sales based on customer creditworthiness. The agreement also specifies that the Factor assumes credit risk for non-Client Risk Accounts, allowing for smooth financial transactions. Filling and editing instructions emphasize clear communication of terms and the importance of documenting any modifications. Additionally, a termination clause allows for the cessation of future transactions with prior notice. Use cases are relevant for attorneys drafting agreements, partners evaluating financing options, and paralegals or legal assistants assembling client documentation. Overall, this form serves as a complete and structured guide for businesses seeking immediate cash flow from their receivables while ensuring compliance with legal standards.