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1. Parties: Identification of factor and client
2. Background: Context of the agreement and business relationship
3. Definitions: Key terms used throughout the agreement including relevant legislation and regulatory references
4. Assignment Provisions: Terms of assignment of receivables, including compliance with Law of Property Act 1925
5. Purchase Price and Payment Terms: Pricing mechanism, payment details, and discount rates
6. Representations and Warranties: Client's confirmations about receivables, business, and regulatory compliance
7. Covenants: Ongoing obligations of the client including compliance with relevant regulations
8. Events of Default: Circumstances constituting breach and consequences
9. Termination: Agreement end provisions and post-termination obligations
1. Credit Insurance: Insurance arrangements for receivables when credit insurance is required
2. Collection Procedures: Specific collection arrangements when factor handles collections directly
3. Cross-Border Provisions: International receivables handling for cross-border factoring arrangements
4. Consumer Credit Provisions: Additional provisions when receivables involve consumer debt under Consumer Credit Act 1974
5. Anti-Money Laundering Compliance: Specific provisions for compliance with Money Laundering Regulations 2017
1. Form of Notice of Assignment: Template notice to debtors regarding assignment of receivables
2. Eligible Receivables Criteria: Detailed requirements for acceptable receivables and compliance criteria
3. Fee Schedule: Detailed breakdown of all fees, charges, and discount rates
4. Operational Procedures: Day-to-day operational requirements and compliance procedures
5. Form of Debtor List: Template for listing approved debtors and credit limits
6. Regulatory Compliance Checklist: List of regulatory requirements and compliance procedures
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