tiktok³ÉÈË°æ

All Countries
Banking
Account Receivable Purchase Agreement

Account Receivable Purchase Agreement Template for Pakistan

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Account Receivable Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Account Receivable Purchase Agreement

"I need an Account Receivable Purchase Agreement for a Pakistani textile manufacturer selling its receivables to a local bank, with a facility limit of PKR 500 million and specific provisions for export receivables, to be effective from March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Account Receivable Purchase Agreement is a critical financial instrument in Pakistan's commercial landscape, enabling businesses to monetize their accounts receivable and improve working capital efficiency. This document is typically used when a company wishes to sell its receivables to a financial institution or factoring company in exchange for immediate cash, often at a discount. The agreement must comply with Pakistani legislation, including the Contract Act 1872, Transfer of Property Act 1882, and relevant banking regulations. It contains detailed provisions for the transfer of receivables, credit risk allocation, collection procedures, and dispute resolution mechanisms. The document becomes particularly important in sectors with extended payment terms or significant B2B transactions, providing businesses with an alternative financing solution while offering purchasers a secured investment opportunity.
Suggested Sections

1. Parties: Identifies and defines the seller and purchaser of the receivables

2. Background: Sets out the context of the agreement and the parties' intentions

3. Definitions and Interpretation: Defines key terms used throughout the agreement and interpretation rules

4. Sale and Purchase of Receivables: Core provisions regarding the sale and assignment of receivables

5. Purchase Price and Payment Terms: Details of purchase price calculation, payment mechanism, and timing

6. Conditions Precedent: Conditions that must be satisfied before purchases can commence

7. Representations and Warranties: Key statements of fact and assurances from both parties

8. Covenants: Ongoing obligations of the parties during the agreement term

9. Servicing of Receivables: Provisions regarding collection and management of receivables

10. Events of Default: Circumstances constituting default and consequences

11. Remedies: Rights and remedies available to parties upon default

12. Term and Termination: Duration of agreement and termination provisions

13. Confidentiality: Provisions protecting confidential information

14. Notices: Process for formal communications between parties

15. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and jurisdiction for disputes

16. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, etc.

Optional Sections

1. Security Arrangements: Include when additional security or collateral is required

2. True Sale Provisions: Detailed provisions to establish true sale character when bankruptcy remoteness is crucial

3. Electronic Processing: Include when parties will use electronic systems for notifications and processing

4. Credit Insurance: Include when receivables are covered by credit insurance

5. Reserve Account: Include when a reserve mechanism is used for credit enhancement

6. Currency Provisions: Include for cross-border transactions or multiple currency receivables

7. Tax Gross-Up: Include when tax implications need specific allocation between parties

8. Parent Company Guarantee: Include when parent company support is required

Suggested Schedules

1. Eligibility Criteria: Detailed criteria for receivables eligible for purchase

2. Form of Purchase Notice: Template for notifying receivables offered for sale

3. Form of Assignment: Standard form for documenting each assignment of receivables

4. Purchase Price Calculation: Detailed methodology for calculating purchase price

5. Operational Procedures: Detailed procedures for day-to-day operations

6. Form of Debtor Notification: Template for notifying debtors of the assignment

7. Required Documents: List of documents required for each purchase

8. Approved Debtor List: List of approved debtors whose receivables may be purchased

9. Service Level Requirements: Detailed servicing requirements and performance metrics

10. Form of Reports: Templates for required reporting

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


















































Clauses




































Relevant Industries

Manufacturing

Textile Industry

Automotive

Pharmaceuticals

Information Technology

Construction

Wholesale Trade

Export-Import

Telecommunications

Fast-Moving Consumer Goods

Industrial Equipment

Agricultural Products

Relevant Teams

Legal

Finance

Treasury

Credit Risk

Operations

Collections

Compliance

Commercial

Business Development

Accounts Receivable

Internal Audit

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Credit Manager

Legal Counsel

Commercial Director

Accounts Receivable Manager

Risk Manager

Operations Manager

Collections Manager

Financial Controller

Business Development Manager

Compliance Officer

Managing Director

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Overcontract

A Pakistani law-governed supplementary agreement that modifies an existing contract while keeping the original framework intact.

find out more

Current Account Agreement

A comprehensive agreement governing current account operations between banks and customers in Pakistan, subject to Pakistani banking laws and State Bank regulations.

find out more

Tripartite Agreement For Escrow Account

A Pakistani law-governed agreement between three parties establishing an escrow account arrangement, detailing fund management and release conditions.

find out more

Bookkeeping Agreement

A Pakistani law-governed agreement establishing terms for professional bookkeeping services, including scope, fees, and compliance requirements.

find out more

Credit Card Responsibility Agreement

A Pakistani law-governed agreement establishing terms and conditions between a financial institution and credit card holder, compliant with State Bank of Pakistan regulations.

find out more

Business Account Agreement

A Pakistani law-governed agreement establishing terms and conditions for business banking accounts and services between a bank and business entity.

find out more

Accounts Receivable Agreement

A Pakistani law-governed agreement for the transfer or management of accounts receivable, detailing terms of assignment, collection, and party obligations.

find out more

Bank Account Pledge Agreement

A Pakistani law-governed agreement establishing a pledge over bank account(s) as security for financial obligations.

find out more

Account Control Agreement

A Pakistani law-governed agreement establishing control over bank accounts between an account holder, secured party, and bank, facilitating secured financing arrangements.

find out more

Blocked Account Control Agreement

A Pakistani law-governed agreement establishing control arrangements over a blocked bank account between an account holder, bank, and secured party.

find out more

Savings Account Agreement

A Pakistani law-governed agreement establishing terms and conditions for operating a savings account between a financial institution and account holder, compliant with State Bank of Pakistan regulations.

find out more

Deposit Account Agreement

A Pakistani law-governed agreement establishing terms and conditions between a bank and account holder for operating a deposit account, compliant with State Bank of Pakistan regulations.

find out more

Bank Account Agreement

A Pakistani law-governed agreement establishing terms and conditions between a bank and account holder(s) for operating a bank account.

find out more

Account Management Agreement

A Pakistani law-governed agreement establishing terms for professional account management services between financial institutions and their clients.

find out more

Joint Account Agreement

A Pakistani law-governed agreement establishing the terms and conditions for operating a joint bank account between multiple account holders and a banking institution.

find out more

Account Opening Agreement

A Pakistani law-governed agreement between a bank and account holder establishing terms for opening and maintaining a banking account, compliant with SBP regulations.

find out more

Certificate Of Deposit Agreement

A Pakistani law-governed agreement establishing terms for a fixed-term deposit between a financial institution and depositor, compliant with State Bank of Pakistan regulations.

find out more

Account Receivable Purchase Agreement

Pakistani law-governed agreement for the purchase of accounts receivable, establishing terms between seller and purchaser with local regulatory compliance.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.