Factoring Agreement Sample With Price In Orange

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

Description

The Factoring Agreement sample with price in Orange is designed to facilitate the sale and purchase of accounts receivable between a Factor and a Client. This document outlines critical terms, including the assignment of receivables, sales procedures, credit approval, financial obligations, and responsibilities of each party. One key feature includes the assumption of credit risk by the Factor for specific accounts, protecting the Client in case of customer insolvency. Additionally, it establishes the purchase price calculation, factoring commission fees, and payment terms. Filling and editing instructions emphasize the need for clear and accurate information regarding parties involved, accounts being sold, and any applicable interest rates. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to managing business finances through accounts receivable. Understanding and using this agreement can help streamline transactions, ensure legal compliance, and mitigate financial risks associated with client credit sales.