Agreement General Form With Two Points In San Antonio

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

Description

The Agreement general form with two points in San Antonio outlines the terms under which a factor purchases accounts receivable from a client, facilitating the client's access to funds for business operations. Key features include the assignment of accounts receivable as absolute ownership by the factor, the client’s responsibility to notify customers about this assignment, and the factor's authority to collect receivables. The agreement also details the conditions for credit approval, the assumption of credit risks, and the processes for calculating the purchase price, including commission rates. Filling and editing instructions emphasize the need for accuracy in names, addresses, and other specific details pertinent to each party. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who may represent businesses engaging in credit sales and seeking financial arrangements through factoring. It provides a structured framework for managing transactions, minimizing risks, and clarifying the responsibilities of each party involved.