Picture of Factoring and Security Agreement with Limited Recourse | Canada Picture of Factoring and Security Agreement with Limited Recourse | Canada

Factoring and Security Agreement with Limited Recourse | Canada

Purchase accounts receivable from Canadian companies with this Factoring and Accounts Receivable Security Agreement with Limited Recourse.

  • Under this Agreement (also called a debt purchase contract), a company needing cash for operations sells its accounts receivable to a factor for an immediate cash injection, at a discounted rate off the face value of the accounts.
  • The factor has only limited recourse against the seller for the amount of any receivable which is not paid or disputed by a customer, plus interest on unpaid accounts, up to a predetermined limit.
  • The factor will also pay the seller any excess funds received by the factor on customer accounts.
  • This legal contract template is available in MS Word format.
  • Governed by Canadian laws and intended for use only in Canada.
Document Type: Microsoft Word
Last Updated: 06-December-2024
SKU: 952
$29.99
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Picture of Factoring and Security Agreement with Full Recourse | Canada

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.
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Picture of Accounts Receivable Security Agreement | Canada

Accounts Receivable Security Agreement | Canada

Document your security interest in a borrower's property with this Accounts Receivable Security Agreement template for Canadian lenders.

  • The Agreement is part of the documentation that the borrower must provide to the lender, to secure a loan or line of credit.
  • The Agreement grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts receivable and book debts.
  • The form is governed by Canadian laws and can be used in any province or territory which has Personal Property Security Act legislation.
  • Buy and download the template in MS Word format. Other formats available on request.
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Assignment of Accounts Receivable Forms

Assignment of Accounts Receivable Forms

Factor the receivables of a business with this package of Assignment of Accounts Receivable forms.

  • The package contains two forms:
    • Assignment with Recourse. The assignee has recourse to re-transfer back any customer account which is not paid in full within a specified time period, and the assignor will buy them back for the amount of the unpaid balance.
    • Assignment Without Recourse. The assignor does not have the option to take back the accounts if they remain unpaid. The right to collect the unpaid accounts remains with the assignee.
  • An assignment of your accounts receivable is a quick way to increase cash flow during slow periods.
  • These are downloadable MS Word forms that you can use again and again.
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