الأطر القانونية لعقد تحويل الفاتورة

الملخص EN

Factoring is a common financial practice used in the trade financing industry that can be applied to both domestic and inetrnational sales.

It is a transaction in which a company sells its accounts receivable at a discount to a 3rd party financial institution, or factor, for immediate payement instead of waiting30,60, or90 days until payment is due from its customer.

The relationship that a business has with the factor can be a very successful, and long sustaining one.

If the business wants, they can sell their accounts receivable to their factor every month for as long as they, and the factor, are both in business.

When it comes to the contract between the business and the factor, the parties can negotiate if the contract will have recourse or not.

Recourse factoring means that if the factor is not able to collect the full amount of invoice from your client, you will agree to chip in something monetary.

Non-recourse factoring means that if the factor is not able to collect the full amount of the invoice from your client, they absorb any and all losses.