Agreement Receivable Statement With Multiple Conditions In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Agreement Receivable Statement with Multiple Conditions in Phoenix is a legal document outlining the terms under which a Factor will purchase accounts receivable from a Seller. This form serves as an essential tool for businesses seeking immediate cash flow while leveraging their receivables. Key features include the assignment of accounts receivable, credit approval processes, and the assumptions of credit risks associated with purchased accounts. Fillers must provide complete and accurate information, including dates, company names, and calculated commission rates. It is designed for various users, including attorneys, partners, and paralegals, as it facilitates understanding the terms and conditions that dictate financial transactions in a factoring arrangement. Specific use cases involve businesses needing liquidity for operations without immediate sales, while attorneys can utilize the document to safeguard clients' interests through clear contractual agreements. Additionally, the form includes provisions for warranties, governance, arbitration, and notices, making it comprehensive for legal practitioners.
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FAQ
Accounts receivable are listed under the current assets section of the balance sheet and typically fluctuate in value from month to month as the company makes new sales and collects payments from customers.
Generally, receivables are divided into three types: trade accounts receivable, notes receivable, and other accounts receivable.
