Agreement Receivable Statement With Multiple Conditions In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Agreement receivable statement with multiple conditions in Los Angeles serves as a legal framework between a Factor and a Client regarding the assignment of accounts receivable. This form outlines the responsibilities and rights of each party, including the assignment of accounts, sales and delivery conditions, credit approval requirements, and the assumption of credit risks by the Factor. Key features include clauses outlining the purchase price calculations, reporting requirements from the Client, and the Factor's right to charge for costs associated with collecting accounts. Additionally, the agreement includes provisions for liabilities and breach notifications, as well as termination clauses. For attorneys, partners, and legal assistants, this form is crucial for structuring financing agreements based on accounts receivable, while owners and associates may find it beneficial to understand the terms related to cash flow management and credit risk. Paralegals will appreciate the clarity provided in filling out the form, and legal assistants can utilize the instructions for effective document management in financing transactions.
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FAQ
Generally, receivables are divided into three types: trade accounts receivable, notes receivable, and other accounts receivable.
Contract Accounts Receivable and Payable is a subledger that is designed for processing large document volumes, that occur in for example insurance, utilities and telecommunication companies and in the public sector.
