Agreement Receivable Statement With Balance Sheet In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Agreement Receivable Statement with Balance Sheet in Miami-Dade is a formal contract used between a Factor and a Client engaging in the sale of merchandise on credit. This document outlines the assignment of accounts receivable, detailing the rights and responsibilities of both parties, especially the Factor's right to collect payments directly from the Client's customers. Key features include provisions for credit approval, handling of sales and merchandise delivery, and the assumption of credit risk by the Factor. Additionally, the Client must provide regular profit and loss statements along with a semiannual balance sheet, ensuring transparency in their financial dealings. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, as it provides a clear framework for securing funds against receivables while protecting the interests of all parties involved. It also includes provisions for dispute resolution through binding arbitration, making it a comprehensive choice for businesses looking to manage their receivables efficiently.
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