Factoring Agreement Form For Car In Texas

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

Description

The Factoring Agreement Form for Car in Texas is a legal document designed for businesses seeking to obtain immediate funds for their accounts receivable. This form facilitates the sale of receivables from a seller (Client) to a factor (lender) and outlines the terms of their transaction, including the assignment of accounts receivable, credit approval, and the rights of both parties. Key features include detailed provisions on the purchase price calculation, credit risks assumed by the factor, and requirements for invoicing and collections. Filling and editing instructions advise users to accurately input company information and ensure compliance with the terms set forth in the agreement. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial and business transactions, as it provides clear guidelines on the responsibilities and liabilities of each party. It also ensures legal protection in case of disputes, offers remedies for breach of contract, and establishes procedures for termination and modifications. Overall, this form is essential for businesses in Texas looking to manage cash flow effectively through the factoring of their receivables.
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FAQ

Texas law related to warranty performance may cover your used vehicle if it is still covered by the manufacturer's original warranty (not an extended service contract), or if the defect started and was reported to the dealer while under the manufacturer's original warranty and the defect continues to exist, repair ...

Once a contract is signed by a buyer, a copy of the completed contract has been given to the buyer, and the buyer has accepted delivery of the vehicle, it is a legal binding contract between the buyer and dealer and which neither party may unilaterally rescind or cancel.

Texas doesn't offer a “cooling-off” period that allows buyers to return a used vehicle, which means once you buy the car, it's yours.

Pursuant to Transportation Code, §502.453 or §502.456, certain vehicles owned by and used exclusively in the service of a governmental agency, owned by a commercial transportation company and used exclusively for public school transportation services, designed and used for fire-fighting or owned by a volunteer fire ...

A dealer who makes a seller-financed sale must apply to the appropriate county tax assessor-collector (CTAC) to title and register the motor vehicle by filing Form 130-U, Application for Texas Title and/or Registration (PDF) no later than the 45th day after the date the motor vehicle is delivered to the purchaser.

Visit the county tax office if you bought a car from a private seller. You must visit the office with the seller. You will need to bring your auto insurance card and the completed Application for Texas Title (Form 130-U) signed by the seller.

A dealer who makes a seller-financed sale must apply to the appropriate county tax assessor-collector (CTAC) to title and register the motor vehicle by filing Form 130-U, Application for Texas Title and/or Registration (PDF) no later than the 45th day after the date the motor vehicle is delivered to the purchaser.

Export factoring is the process where a lender or a factor buys a company's receivables at a discount. It includes services like keeping track of accounts receivable from other countries, collecting and financing export working capital, and providing credit insurance.

Factor expressions, also known as factoring, mean rewriting the expression as the product of factors. For example, 3x + 12y can be factored into a simple expression of 3 (x + 4y). In this way, the calculations become easier. The terms 3 and (x + 4y) are known as factors.

A dealer who makes a seller-financed sale must apply to the appropriate county tax assessor-collector (CTAC) to title and register the motor vehicle by filing Form 130-U, Application for Texas Title and/or Registration (PDF) no later than the 45th day after the date the motor vehicle is delivered to the purchaser.

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Factoring Agreement Form For Car In Texas