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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.
$12.99
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