Agreement Receivable Statement With Text In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00037DR
Format:
Word;
Rich Text
Instant download
Description
The Agreement Receivable Statement with Text in Tarrant is a formal document outlining the terms under which a Factor purchases accounts receivable from a Client. It is designed for businesses seeking immediate liquidity by converting their credit sales into cash. Key features include the absolute assignment of receivables to the Factor, detailed sections on credit approval processes, and the factoring of uncollectible accounts. The document also specifies the responsibilities of both parties regarding merchandise delivery, the collection of debts, and the warranties related to solvency and the validity of receivables. For filling and editing, users should ensure all names, dates, amounts, and specific terms are accurately entered to reflect the agreement's intent. The form is particularly valuable for attorneys, partners, and owners involved in corporate finance, as it addresses critical legal and operational aspects of factoring, while paralegals and legal assistants can utilize it to assist clients in understanding contractual obligations and manage documentation effectively.
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FAQ
The Accounts Receivables Statements are documents that itemize all invoices, payments, and credits created during a specific time period, and whose intention is to remind the account holder of their account status.
