Broker Agreement for Factoring | USA

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

  • The factoring agency is under no obligation to purchase accounts from any client referred from the Broker.
  • The Broker's only compensation will be a commission, calculated as a commission of the monthly gross factoring fees, including late charges, for each of the clients referred by Broker and accepted by the agency.
  • The parties agree to waive trial by jury in the event of any action arising out of the Agreement.
  • This USA Broker Agreement for Factoring template is provided in MS Word format, and is fully editable to fit your particular circumstances.
Document Type: Microsoft Word
Last Updated: 10-February-2021
SKU: 7165
$12.49
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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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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.
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