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Factoring Agreement - Limited Recourse

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Factoring Agreement - Limited Recourse

File Type: Word       Price: $9.99      


Summary: Use this factoring and accounts receivable security agreement to formalize a factoring relationship in which a company sells its accounts receivable to a factor (buyer) for cash, at a discount on the face value of the receivable balance. In this factoring agreement, the buyer has limited recourse against the seller for the amount of any receivable which is not paid or disputed by a customer together with interest on unpaid accounts, subject to a limitation as defined in the factoring agreement.


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