Delaware General Form of Factoring Agreement — Assignment of Accounts Receivable is a legal document used in the state of Delaware to establish a factoring arrangement between a business (the "Assignor") and a factoring company (the "Assignee"). This agreement allows the Assignor to sell its accounts receivable to the Assignee in exchange for immediate cash, providing the Assignor with working capital to meet its financial needs. Keywords: Delaware, General Form, Factoring Agreement, Assignment, Accounts Receivable, Factoring Company, Assignor, Assignee, Legal Document, Cash Flow, Working Capital. There might be variations or different types of Delaware General Form of Factoring Agreement — Assignment of Accounts Receivable based on specific requirements or business preferences. Some of these include: 1. Recourse Factoring Agreement: This type of agreement implies that the Assignor retains the responsibility of repurchasing any unpaid accounts receivable in case the debtor fails to pay. The Assignee has the right to demand repayment from the Assignor. 2. Non-Recourse Factoring Agreement: In contrast to the recourse factoring agreement, the Assignor is not liable for repurchasing unpaid accounts receivable in a non-recourse factoring agreement. The Assignee assumes the risk of non-payment by the debtor. 3. Notification Factoring Agreement: This type of agreement requires the Assignee to notify the debtor about the assignment of accounts receivable to the factoring company. The Assignee provides instructions for making payments to their designated account. 4. Maturity Factoring Agreement: With a maturity factoring agreement, the Assignor agrees to buy back any unpaid accounts receivable after a specified period, typically within 60 to 90 days. This arrangement allows the Assignor to maintain customer relationships while still benefiting from immediate cash flow. 5. Bulk Factoring Agreement: In a bulk factoring agreement, the Assignor transfers a larger quantity or all of its accounts receivable to the Assignee, rather than individual invoices. This approach simplifies the administration and processing of payments for both parties. These different types of Delaware General Form of Factoring Agreement — Assignment of Accounts Receivable allow businesses to tailor their factoring arrangements to their specific needs and circumstances. It is essential for businesses to consult legal professionals and thoroughly understand the terms and conditions of the agreement before entering into any factoring arrangement.