Factoring Purchase Agreement Without Realtor In Wake

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

Description

The Factoring Purchase Agreement Without Realtor in Wake is a legal document that facilitates the sale of a seller's accounts receivable to a factoring company. This agreement outlines the responsibilities of both the factor and the client, including the assignment of accounts receivable, sales and delivery of merchandise, and credit approval processes. Key features include the explicit assignment of receivables, the assumption of credit risks by the factor, and the stipulation of terms for the purchase price and payment. Users are instructed to complete the agreement with accurate details regarding the parties involved and the nature of the business. The form serves attorneys, partners, owners, associates, paralegals, and legal assistants who may require a straightforward method to procure immediate funding against future receivables. It is particularly useful for businesses engaged in credit sales that seek to improve cash flow without involving realtors. Furthermore, users should maintain records accurately and comply with credit limits set by the factor. The agreement's structure supports clarity in the transaction, ensuring all legal obligations are understood and adhered to.