Factoring Agreement Sample With Price In North Carolina

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

Description

The Factoring Agreement Sample with Price in North Carolina is a legal document facilitating the purchase of accounts receivable by a factor from a seller (client) to improve the client's cash flow. Key features include sections on the assignment of accounts, sales and delivery of merchandise, credit approval, and the assumption of credit risks. The form ensures clear terms on how receivables are evaluated and the factors determining the purchase price, which includes the factor's commission. Users required to fill and edit this agreement should provide accurate business identities, specify dates, and fill in the financial terms where indicated. Specific use cases for this agreement include businesses needing immediate cash from their receivables or experiencing cash flow challenges. It serves as a valuable tool for attorneys, partners, business owners, associates, paralegals, and legal assistants seeking to facilitate financing for clientele through receivables. Moreover, it outlines responsibilities for risk management, client obligations, and includes terms for financial reporting, which can guide professionals in managing their clients' financial relationships efficiently and legally.