Agreement Receivable Statement With Text In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Agreement Receivable Statement with Text in Oakland outlines the legal relationship between a Factor and a Client regarding the assignment of accounts receivable. This comprehensive document allows the Client, usually a seller of goods on credit, to sell its receivables to the Factor, which provides immediate cash resources in exchange. Key features include provisions for the assignment of receivables, sales and delivery protocols, credit approval processes, and assumptions of credit risk. Filling and editing instructions advise users to provide specific details like names, dates, and monetary amounts, ensuring clarity and compliance. The form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants, particularly when seeking to improve cash flow, facilitate commercial transactions, or manage client risks in factoring agreements. It emphasizes the rights and responsibilities of both parties, along with the process for disputes and terminations, making it a vital document in commercial law.
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