Agreement Receivable Statement With Text In Maricopa

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

Description

The Agreement receivable statement with text in Maricopa is a legal document outlining the terms of a factoring agreement in which a factor purchases accounts receivable from a seller. This form serves to facilitate the Seller's access to cash by converting receivables into immediate funding, establishing clear roles and responsibilities, and providing protections against credit risk. Key features include the assignment of all current and future accounts receivable to the factor, the right of the factor to collect from customers, and the necessity for credit approval before any sales. Filling out this form requires the specification of the seller and factor's names and addresses, and other relevant financial terms. It is designed for use by attorneys and legal professionals who handle corporate financing and liquidity issues. Partners and owners involved in managing business cash flow can also use it to ensure compliance with credit policies. The document's structure provides guidance for attorneys, paralegals, and legal assistants on how to navigate its contents while ensuring all necessary provisions are included to protect all parties involved.