Franklin Ohio Modelo General de Contrato de Factoring - Cesión de Cuentas por Cobrar - General Form of Factoring Agreement - Assignment of Accounts Receivable

• Category: Contratos - Factoring
• State: Multi-State
• County: Franklin
• Control #: US-0270BG
• Format: Word

Description

This form is a factoring agreement for the assignment of accounts receivable. Factoring is a financial transaction in which a firm sells its accounts receivable invoices to a third party called a factoring firm at a discount, so that it receives immediate money to continue its business. The factoring firm pays a percentage of the invoices immediately. Firms often factor receivables to improve their cash flow. The Franklin Ohio General Form of Factoring Agreement — Assignment of Accounts Receivable is a legal contract that outlines the terms and conditions for a factoring arrangement between a company and a factoring provider in Franklin, Ohio. This agreement allows the company to convert its accounts receivable into immediate cash by selling them to the factoring provider. Keywords: Franklin Ohio, general form, factoring agreement, assignment of accounts receivable, legal contract, factoring arrangement, company, factoring provider, immediate cash. Types of Franklin Ohio General Form of Factoring Agreement — Assignment of Accounts Receivable: 1. Full Recourse Factoring Agreement: This type of agreement holds the company responsible for repurchasing any accounts receivable that cannot be collected by the factoring provider. 2. Non-Recourse Factoring Agreement: In this agreement, the factoring provider assumes the risk of non-payment from the company's customers. If the accounts receivable cannot be collected, the factoring provider absorbs the loss instead of the company. 3. Notification Factoring Agreement: This type of agreement requires the company to inform its customers about the assignment of their accounts receivable to the factoring provider. The factoring provider then collects the payments directly from the customers. 4. Maturity Factoring Agreement: Under this agreement, the company retains control over the collection of accounts receivable until a specified maturity date, after which the factoring provider takes over the responsibility. 5. Spot Factoring Agreement: A spot factoring agreement allows the company to selectively choose specific accounts receivable to be sold to the factoring provider, rather than assigning all of them. Remember to consult a legal professional before entering into any agreement to ensure compliance with local laws and regulations.

The Franklin Ohio General Form of Factoring Agreement — Assignment of Accounts Receivable is a legal contract that outlines the terms and conditions for a factoring arrangement between a company and a factoring provider in Franklin, Ohio. This agreement allows the company to convert its accounts receivable into immediate cash by selling them to the factoring provider. Keywords: Franklin Ohio, general form, factoring agreement, assignment of accounts receivable, legal contract, factoring arrangement, company, factoring provider, immediate cash. Types of Franklin Ohio General Form of Factoring Agreement — Assignment of Accounts Receivable: 1. Full Recourse Factoring Agreement: This type of agreement holds the company responsible for repurchasing any accounts receivable that cannot be collected by the factoring provider. 2. Non-Recourse Factoring Agreement: In this agreement, the factoring provider assumes the risk of non-payment from the company's customers. If the accounts receivable cannot be collected, the factoring provider absorbs the loss instead of the company. 3. Notification Factoring Agreement: This type of agreement requires the company to inform its customers about the assignment of their accounts receivable to the factoring provider. The factoring provider then collects the payments directly from the customers. 4. Maturity Factoring Agreement: Under this agreement, the company retains control over the collection of accounts receivable until a specified maturity date, after which the factoring provider takes over the responsibility. 5. Spot Factoring Agreement: A spot factoring agreement allows the company to selectively choose specific accounts receivable to be sold to the factoring provider, rather than assigning all of them. Remember to consult a legal professional before entering into any agreement to ensure compliance with local laws and regulations.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.