Products tagged with 'factoring contract'

Hire a broker to locate potential factoring clients for you with this USA Broker Agreement for Factoring.

Parties to the Agreement

The parties to the Broker Agreement are (i) a factoring agency that purchases accounts receivable from businesses, at a discount, and (ii) a broker who will act as an independent contractor, identifying and referring prospective clients to the agency.

Compensation

The Broker's only compensation will be a commission, calculated as a percentage of the monthly gross factoring fees, including late charges, for each of the clients referred by Broker and accepted by the agency.

No Obligation to Purchase

The factoring agency is under no obligation to purchase accounts from any client referred to it by the Broker.

Waiver of Jury Trial

The parties agree to waive trial by jury in the event of any legal action arising out of the Agreement or other agreement between the parties, or the acts or omissions of the parties or their employees or agents.

Format and Legal Jurisdiction

This Broker Agreement for Factoring template is provided in MS Word format and is reusable and fully editable to meet your needs. It is intended to be used only in the United States.