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    Factoring and Security Agreement with Full Recourse | Canada


    Purchase the accounts receivable of a Canadian business with this Factoring and Accounts Receivable Security Agreement with Full Recourse.

    • Under this Agreement (also called a debt purchase contract), a company needing cash for operations sells its accounts receivable to a factor (buyer) for an immediate cash injection, at a discounted rate off the face value of the accounts.
    • The buyer has full recourse against the seller for the full amount of any receivable which is not paid or disputed by a customer, together with interest on unpaid accounts.
    • The template is provided in MS Word format and is fully editable to meet your needs.
    • This is a Canadian legal form which can be used in most provinces and territories.
    Download Type: Microsoft Word
    Last Updated: 23-January-2021
    SKU: 951