Factoring Agreement Template For A Company In Travis

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

Description

The Factoring Agreement Template for a Company in Travis is a legal document designed to facilitate the assignment of accounts receivable between a Factor and a Client. This template outlines the responsibilities of both parties, including the assignment of receivables, sales and deliveries of merchandise, and credit approval processes. It emphasizes that the Factor purchases accounts receivable without recourse, enabling the Client to secure immediate funding for operational needs. Key features include provisions for credit risk assumption, pricing of accounts, and rights under contracts, ensuring clarity for the Client on obligations and expectations. Additionally, the template offers instructions for filling and editing, highlighting the need for accurate entries on financial records and the provision of monthly profit and loss statements. Specific use cases include financial professionals seeking to optimize cash flow and manage credit risk effectively. The document is tailored to suit the needs of attorneys, business owners, partners, paralegals, and legal assistants, providing a trustworthy resource for legal compliance and business transactions.