Agreement General Form With Center At Origin In Phoenix

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

Description

The Agreement general form with center at origin in Phoenix facilitates the sale of accounts receivable from a seller (Client) to a factor (financial institution). The form outlines key provisions such as the assignment of accounts, credit approval processes, and responsibilities of each party while ensuring clarity on the financial transaction. It mandates that the Client must notify customers of the assignment and manage sales and deliveries accordingly. Specific terms regarding the purchase price, including factors like commissions and reserves, are clearly defined. Legal stipulations allow the Factor to collect payments and pursue remedies in case of Client defaults. This form is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants who engage in business financing and debt collection, as it provides a structured approach to manage and secure sales transactions and the respective risks involved. Users should complete the form with accurate business details and ensure all parties understand their obligations to maintain enforceability.