Factoring Agreement Sample With Price 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 price in Miami-Dade is a detailed contract between a Factor and a Client for the assignment of accounts receivable. The agreement allows the Client to receive immediate funds from the Factor in exchange for their receivables, which are to be clearly marked and managed according to the Factor’s approval. Key features include the assignment of accounts, credit approval procedures, and responsibilities related to the merchandise sold. Specific provisions regarding the calculation of the purchase price, handling of returned items, and assumptions of credit risks are clearly outlined, ensuring both parties' interests are protected. Filling instructions require the Client to provide necessary invoices and information to the Factor. The form caters particularly to the needs of attorneys, partners, and legal assistants in ensuring compliance and facilitating efficient business transactions. This agreement is especially useful in industries where businesses often operate on credit, providing a structured method for cash flow management.
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FAQ
Factoring is a transaction in which a financial company (factor, which can be a bank, a. specialized factoring company, or other financial organization) buys trade accounts receivable. from a supplier at a discount.
