Factoring Agreement Sample With Recourse In Pima

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

Description

The Factoring Agreement sample with recourse in Pima is a legal document between a factor and a client for the purchase of accounts receivable. This agreement allows clients to obtain funds through the sale of their credit sales while providing the factor with ownership of these receivables with specific recourse conditions outlined. Key features include the assignment of receivables, credit approval requirements, and risk assumption clauses. It emphasizes the client's obligation to adhere to credit limits and manage disputes regarding merchandise returns effectively. Filling instructions involve providing accurate information about both parties and detailing specific terms related to fees and commissions. This form is primarily useful for attorneys in advising clients, partners and owners in structuring deals, as well as paralegals and legal assistants in drafting and managing agreements efficiently. The clarity of the terms and conditions helps users navigate financial transactions and potential legal implications in business operations.