Factoring Agreement Sample With Price In Phoenix

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

Description

The Factoring Agreement sample with price in Phoenix is a formal contract between a factor and a seller that outlines the terms of assigning accounts receivable for immediate financing. This form allows businesses, typically engaged in credit sales, to convert their receivables into cash, enhancing liquidity without needing to wait for customer payments. Key features of the agreement include the assignment of accounts receivable, clear processes for sales and delivery of merchandise, credit approval conditions, and the determination of the purchase price, which is calculated after deducting the factor's commission. The document also establishes the responsibilities and liabilities of both parties regarding credit risks, the handling of disputes, and the maintenance of records. Filling out this form requires accurate information regarding each party, clear descriptions of the goods sold, and agreed-upon rates for fees and commissions. This agreement is particularly useful for attorneys, partners, and business owners looking to secure immediate funds, paralegals pursuing documentation for compliance, and legal assistants involved in drafting and reviewing financial contracts. Overall, the factoring agreement is an essential tool for businesses aiming to improve cash flow and minimize the complexities associated with collecting receivables.