Form Assignment Accounts With Skins In Maricopa

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

Description

The Form Assignment Accounts With Skins In Maricopa serves as a General Form of Factoring Agreement for the assignment of accounts receivable between a factor and a client. This agreement allows the client to sell their receivables to the factor, thereby obtaining immediate funds while transferring the credit risk associated with customer payments. Key features include detailed provisions for assigning accounts receivable, the sales and delivery of merchandise, credit approvals, the assumption of credit risks, purchase pricing, and the responsibilities related to bookkeeping and financial disclosures. Filling and editing instructions emphasize the need for clarity in identifying parties, specifying amounts, and detailing the conditions for credit approval and delivery of goods. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate finance and commercial transactions, as it provides a structured method to manage business cash flow and legal responsibilities. The form also outlines warranties regarding the solvency of the client and terms for breach and termination, making it a critical tool in financial dealings.