Factoring Agreement Sample With Cost In Travis

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

Description

The Factoring Agreement Sample with Cost in Travis is a formal document outlining the terms between a financing entity (Factor) and a seller (Client) for the sale and assignment of accounts receivable. The agreement covers key aspects such as the absolute assignment of accounts receivable, obligations regarding sales and delivery of merchandise, and the credit approval process. It stipulates that all risks for the accounts receivable fall mostly on the Factor, except for specific 'Client Risk Accounts.' It defines the purchase price calculation, maintaining records, and responsibilities concerning amounts owed to Factor. The document also includes provisions for breach of warranty, termination, and mandatory arbitration, ensuring both parties understand their rights and obligations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for managing financing relationships and ensuring compliance with legal standards for account assignments.