FACTORING CONTRACT


FACTORING CONTRACT1)



Made between:


The firm 

________________________________________________________________________

(name, address, place, state)


represented by: 

________________________________________________________________________

(full name and function of the authorised person)


hereinafter referred to as the "FACTOR", on the one side


and


the firm: 

________________________________________________________________________

(name, address, place, state)


represented by: 

________________________________________________________________________

(full name and function of the authorised person)


hereinafter referred to as the "CLIENT" on the other side.


All the firms taking part in the subject arrangement shall be jointly referred to as the "PARTIES".


Article 1


Subject of Contract: 2)


The PARTIES hereby stipulate both their rights and duties and terms and manner of performance of jobs which are the subject of this Contract.