Agreement Receivable Statement With Text In Michigan

State:
Multi-State
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

The Agreement Receivable Statement with text in Michigan serves as a formal agreement between a Factor and a Client engaged in selling goods on credit. This document outlines how the Client assigns their accounts receivable to the Factor in exchange for immediate funds, detailing the rights and obligations of both parties. Key features include provisions for credit approval, the assumption of credit risks by the Factor, and the conditions under which the Factor can collect debts. Filling and editing instructions emphasize clarity in recording transactions and compliance with regulations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in managing receivables effectively, ensuring legal compliance, and protecting their clients’ interests. Additionally, the form contains clauses for warranty, breach of contract, termination, and dispute resolution through arbitration, making it a comprehensive tool in financial transactions. Users are instructed to clearly document details and maintain accurate records in accordance with the terms specified.
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FAQ

AN ACT to enact the uniform commercial code, relating to certain commercial transactions in or regarding personal property and contracts and other documents concerning them, including sales, commercial paper, bank deposits and collections, letters of credit, bulk transfers, warehouse receipts, bills of lading, other ...

The Uniform Commercial Code (UCC) contains rules applying to many types of commercial contracts, including those related to: the sale of goods. the lease of goods. the use of negotiable instruments. banking transactions. letters of credit. documents of title for goods. investment securities, and. secured transactions.

Created by the National Conference of Commissioners on Uniform State Laws (NCCUSL) and the American Law Institute (ALI), the primary purpose of the UCC is to make business activities consistent and therefore efficient, across all U.S. states.

AN ACT to enact the uniform commercial code, relating to certain commercial transactions in or regarding personal property and contracts and other documents concerning them, including sales, commercial paper, bank deposits and collections, letters of credit, bulk transfers, warehouse receipts, bills of lading, other ...

"UCC" means the Uniform Commercial Code as adopted in this state.

To get copies of UCC filings, you must complete the official UCC-11 information request form. You can typically download this form from the website of the state's secretary of state. Some state forms include state-specific instructions, so make sure you have the correct form for the state where the filing was made.

AN ACT to enact the uniform commercial code, relating to certain commercial transactions in or regarding personal property and contracts and other documents concerning them, including sales, commercial paper, bank deposits and collections, letters of credit, bulk transfers, warehouse receipts, bills of lading, other ...

AN ACT to enact the uniform commercial code, relating to certain commercial transactions in or regarding personal property and contracts and other documents concerning them, including sales, commercial paper, bank deposits and collections, letters of credit, bulk transfers, warehouse receipts, bills of lading, other ...

➢ Maximum file size is 25MB. Attachments (formally known as exhibits) that are created by the filer must comply with the document preparation standards. Review the Attachments section for details and examples for naming attachments.

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Agreement Receivable Statement With Text In Michigan