Agreement Receivable Statement With Multiple Conditions In Mecklenburg

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

Description

The Agreement Receivable Statement with Multiple Conditions in Mecklenburg is a legal document outlining the terms under which a Factor purchases accounts receivable from a Client. This versatile form is particularly valuable for businesses seeking immediate funding by leveraging their credit sales. Key features include provisions for the assignment of receivables, sales and delivery guidelines, credit approval processes, and liability clauses regarding credit risks. It stipulates that sales must be approved by the Factor, includes terms for repayment and interest, and requires the Client to maintain accurate records. Filling instructions emphasize the need for accurate entries and timely reporting of financial statements. Specific use cases for this form are relevant to attorneys handling financial transactions, partners involved in business financing, and legal assistants facilitating the agreement's execution. This form aids in streamlining credit arrangements and protecting both parties' interests in a professional context.