Receivables Definition

Factoring into such decisions include the nature of the agreement, the possibility of unfair surprise, lack of notice, unequal bargaining power, and substantive unfairness. Courts often use the “doctrine of reasonable expectations” as a justification for invalidating parts or all of an adhesion contract: the weaker party will not be held to Factoring is a technique used by companies to manage their accounts receivable and provide financing. Typically companies that have access to sources of financing that is less expensive than factoring would not use factoring as source of credit. A factor may provide any of the following services: 1. FACTORING AND SECURITY AGREEMENT. FACTORING AND SECURITY AGREEMENT (this “Agreement”), dated as of September 21, 2007, by and between Cordia Corporation, a Nevada Corporation, as Seller and Subservicer, and THERMO CREDIT, LLC, a Colorado limited liability company, as Purchaser and Master Servicer.. WITNESSETH: WHEREAS, the Seller desires to factor certain of its telecommunication Receivables, or accounts receivable, are debts owed to a company by its customers for goods or services that have been delivered but not yet paid for. Factoring Lets You Pursue Market Opportunities. Now, you must also know this: factoring can be more expensive than other traditional types of financing, such as bank loans. But there’s an advantage to the convenience and flexibility factoring offers. With factoring, a business can actually improve its margins.

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