Factoring Purchase Agreement Without Realtor In Mecklenburg

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

Description

The Factoring Purchase Agreement Without Realtor in Mecklenburg is a legal document that facilitates the sale of accounts receivable from a seller (Client) to a factor (financial institution). This agreement allows businesses to access immediate funds by selling their future receivables without involving a realtor. Key features include the assignment of accounts receivable, credit approval requirements, client warranties, and detailed instructions regarding the purchase price calculation and remittance timelines. Users must fill in specific information such as names, dates, and commission percentages, ensuring accurate representation of the agreement terms. The form provides clear instructions on maintaining records, reporting disputes, and managing credit risks. It is particularly useful for attorneys, partners, and legal assistants involved in financial transactions, allowing them to streamline funding processes for businesses. Paralegals may benefit from its clarity in responsibilities among parties, while other legal professionals can use it as a framework for drafting similar contracts tailored to specific client needs.