Agreement Form Assignment Contract For Lending Money In Wake

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

Description

The Agreement Form Assignment Contract for Lending Money in Wake outlines the relationship between a Factor and a Client seeking funding against accounts receivable. This contract facilitates the sale of the Client's receivables to the Factor, who assumes credit risks associated with them. Key features include provisions for credit approval, the assignment of accounts, and the responsibilities of the Client regarding the collection of receivables. The form also specifies the procedure for invoicing customers and the Factor's right to sell returned merchandise. Filing and editing instructions suggest that both parties should carefully fill in the required fields, including names, dates, and specific terms of the agreement. This form is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants involved in financial transactions, as it aids in structuring lending arrangements while ensuring compliance with legal obligations. Users should be aware of the importance of clearly documenting any modifications or waivers, as well as maintaining accurate records for effective enforcement.