Products tagged with 'debt purchase contract'
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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.
$29.99
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.
$29.99
