Factoring Agreement Sample With Cost In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Factoring Agreement sample with cost in Miami-Dade is a contractual document detailing the sale and assignment of accounts receivable between a factor (lender) and a client (seller). This agreement allows the client to sell its receivables to the factor in exchange for immediate funds, facilitating cash flow for business operations. Key features of the agreement include the assignment of accounts, allowed sales procedures, credit approvals, risk assumptions, and terms regarding the purchase price and fees. The form includes provisions for dispute resolution, warranties, and termination rights, ensuring legal clarity and protection for both parties. It is especially beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured approach for securing financing, managing credit risk, and articulating terms of engagement with vendors. Filling instructions emphasize maintaining accuracy in details such as entity names, percentage fees, and relevant dates. Users are encouraged to review all terms thoroughly and consult with legal counsel when necessary to ensure compliance with applicable laws.
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FAQ
A factoring relationship involves three parties: (i) a buyer, who is a person or a commercial enterprise to whom the services are supplied on credit, (ii) a seller, who is a commercial enterprise which supplies the services on credit and avails the factoring arrangements, and (iii) a factor, which is a financial ...
