Agreement Receivable Statement With Text In King

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

Description

The Agreement Receivable Statement with Text in King serves as a comprehensive contract between a factor and a client involving the assignment of accounts receivable. This document outlines the terms under which the factor purchases receivables from the client, including the assignment of ownership and the responsibilities for collections. Key features include the detailed description of accounts receivable that can be sold, procedures for notifying customers, and stipulations regarding credit approval from the factor. Important sections also clarify the assumption of credit risk, the calculation and payment of the purchase price, and reporting requirements for financial statements. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in commercial finance, as it provides a structured approach to managing accounts receivable. It ensures clarity regarding the legal obligations between the factor and client, making it easier for users to navigate the complexities of factoring agreements. Furthermore, it includes instructions for filling out and modifying the agreement, thus facilitating legal compliance and serving as a valuable resource for individuals representing businesses in financial transactions.
Free preview
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement

Form popularity

FAQ

Accounts receivable are recorded on a company's balance sheet. Because they represent funds owed to the company (and that are likely to be received), they are booked as an asset.

Accounts receivable are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset.

Accounts receivable are recorded on a company's balance sheet. Because they represent funds owed to the company (and that are likely to be received), they are booked as an asset.

AR is listed on the balance sheet as current assets and also refer to invoices that clients owe for items or work performed for them on credit. Accounts receivable is a current asset on the balance sheet.

Accounts receivable are the funds that customers owe your company for products or services that have been invoiced. The total value of all accounts receivable is listed on the balance sheet as current assets and include invoices that clients owe for items or work performed for them on credit.

Trusted and secure by over 3 million people of the world’s leading companies

Agreement Receivable Statement With Text In King