Agreement Form Assignment Purchase Foreign In Pima

State:
Multi-State
County:
Pima
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

A factor is a person who sells goods for a commission. A factor takes possession of goods of another and usually sells them in his/her own name. A factor differs from a broker in that a broker normally doesn't take possession of the goods. A factor may be a financier who lends money in return for an assignment of accounts receivable (A/R) or other security.

Many times factoring is used when a manufacturing company has a large A/R on the books that would represent the entire profits for the company for the year. That particular A/R might not get paid prior to year end from a client that has no money. That means the manufacturing company will have no profit for the year unless they can figure out a way to collect the A/R.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

1.1. 1.9 “PCC” means the Particular Conditions of Contract. 1.1. 1.10 “Requirements” means the document entitled requirements, as included in the Contract, and any additions and modifications to them in ance with the Contract.

An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting party's rights and obligations to a third party who was not originally a party to the contract.

PCC Agreement means the private child care agreement used by the Commonwealth Defend- ants to contract with private child-caring facilities and child-placing agencies.

A condition precedent (CP) prior to closing is a condition that must be satisfied by a party to a transaction, failing which the other party is not bound to close the transaction .

Public Contract Code - PCC.

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Agreement Form Assignment Purchase Foreign In Pima