Factoring Agreement Filed With Court In San Bernardino

Category:

Contracts - Factoring

State:

Multi-State

County:

San Bernardino

Control #:

US-00037DR

Format:

Instant download

Description

The Factoring Agreement filed with court in San Bernardino is a detailed legal document between a factoring company (Factor) and a seller (Client) that outlines the terms for the purchase of accounts receivable. Key features include the assignment of accounts receivable, the responsibilities of both parties regarding sales and delivery, and the handling of credit risks associated with customer insolvency. Users must carefully fill in required details such as names, addresses, and percentages related to commissions. The form also stipulates the necessity of written approvals from Factor for sales, providing protection to both parties against potential credit losses. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it enables them to facilitate business funding through receivable sales, manage credit risk, and streamline invoice processes. It guides users on maintaining documentation and compliance, ensuring that financial transactions are legally binding and secure. Additionally, it covers aspects of termination, arbitration, and modifications, making it a comprehensive tool for legal and business operations.

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Civil Division of the San Bernardino District, 247 West 3rd St, San Bernardino, CA 92415-0210 (located in the San Bernardino Justice Center) Filings Accepted: C.E.Q.A. Civil (limited and unlimited)

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