The Factoring Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring both editable and printable samples for your convenience.
Factoring Agreement Template UK Editable – PrintableSample
Factoring Agreement Template UK 1. Client Information 2. Factor Information 3. Agreement Details 4. Scope of Factoring Services 5. Client Obligations 6. Factor Obligations 7. Fees and Payment Terms 8. Confidentiality and Data Protection 9. Termination Conditions 10. Dispute Resolution 11. Signatures and Agreement 12. Declaration and Signatures
PDF
WORD
Examples
[Name of the Client]
[Client’s ID]
[Client’s Address]
[Client’s Phone]
[Client’s Email]
[Name of the Factor]
[Factor’s ID]
[Factor’s Address]
[Factor’s Phone]
[Factor’s Email]
This agreement outlines the terms and conditions under which the Factor agrees to purchase accounts receivable from the Client, commencing on [Start Date].
For the purposes of this agreement, “Factoring” refers to the sale of the Client’s invoices to the Factor at a discount in exchange for immediate cash. “Accounts Receivable” means the amounts owed to the Client by its customers for merchandise sold or services rendered.
The Factor agrees to purchase the following Receivables: [List specific invoices or descriptions], subject to the Factor’s approval.
The Client will receive [Amount] as the Purchase Price for the Receivables, after applying a discount rate of [Percentage]% based on the total invoice amount.
Additional fees may apply, including but not limited to [List any additional fees], which will be deducted from the Purchase Price.
The Client agrees to notify the Factor of any disputes regarding the Accounts Receivable and to collect said Receivables in accordance with terms agreed upon prior to the transfer.
This agreement may be terminated by either party with [Notice Period] written notice. Upon termination, any outstanding invoices must be paid in full.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Client]
[Name of the Client]
[Signature of the Factor]
[Name of the Factor]
[Name of the Client]
[Client’s ID]
[Client’s Address]
[Client’s Phone]
[Client’s Email]
[Name of the Factor]
[Factor’s ID]
[Factor’s Address]
[Factor’s Phone]
[Factor’s Email]
This agreement specifies the conditions under which the Factor will finance the Client’s receivables, ensuring liquidity and cash flow improvements throughout the duration of the agreement.
The Factor agrees to provide full recourse factoring services, including the purchase, collection, and management of Accounts Receivable as specified in this agreement.
The Factor will purchase Receivables amounting to [Total Amount], with a factor fee of [Percentage]% deducted at the time of purchase.
The Client shall ensure that the Receivables are genuine, enforceable, and undisputed, and shall provide all relevant information required for the Factor’s assessment.
Following the purchase of Receivables, the Factor agrees to pay the Client within [Number of Days] days from the date of acceptance of the Receivables.
The Client agrees to indemnify the Factor against any losses arising from the non-collection of the Receivables or any breach of the representations made.
Both parties agree to maintain the confidentiality of all information shared in relation to this agreement, except as required by law.
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Client]
[Name of the Client]
[Signature of the Factor]
[Name of the Factor]
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