Remote Support LLC

Invoice Financing

INVOICE FINANCING AGREEMENT
This Agreement is made and entered into on [Date] by and between:

INVESTOR (Financier):
Name: [Investor Name]
Address: [Investor Address]
Email: [Investor Email]

CLIENT (Business):
Name: Remote Support LLC
Address: [Client Address]
Email: [Client Email]

1. DEFINITIONS

  • “Invoice”: A valid, undisputed invoice issued by the Client to its customer for goods/services delivered.
  • “Financed Amount”: The portion of the Invoice value advanced by the Investor (minimum USD 1,000 maximum USD 150,000.
  • “Fee”: 2% per month of the Financed Amount, calculated daily. Linear not compounded. This means 2% / 30 days = 0.066666% per day.
  • “Due Date”: The payment deadline specified on the Invoice (e.g., Net 30, Net 60).

2. TERMS OF FINANCING

  1. Advance Payment:
    • The Investor(s) agree to advance 100% of the Invoice value (at the Client’s election) within 1 business day of Invoice verification.
    • Minimum Financed Amount: Minimum USD 1000 and max currently is USD 150,000. One or more investors can contribute towards the investment.
  2. Fee Structure:
    • The Client shall pay the Investor a daily fee of 0.066666% per day of the Financed Amount. Fees accrue daily from the date of funding until the Invoice is paid in full.
    • Example: For a $10000 Invoice which is fully financed the interest shall be $6.66666 per day.
  3. Repayment:
    • The Investor will get the payment from the client within 3 business days of the invoiced customer making and clearing a payment to the client.
    • Upon full payment of the Invoice, the client shall remit the remaining amount and owed interest to the investor.

3. OBLIGATIONS

Client Responsibilities:

  • Ensure the Invoice is valid, enforceable, and free of disputes.
  • Notify the customer to pay the Investor directly.
  • Provide supporting documents (e.g., contracts, delivery proofs) upon request.

Investor Responsibilities:

  • Verify the Invoice and disburse funds promptly.
  • Provide a written statement of Fees and repayment details.

4. DEFAULT AND REMEDIES

  • Late Payment: If the customer fails to pay by the Due Date, the Client must repurchase the Invoice at 100% of the Financed Amount + accrued Fees within 5 business days.
  • Disputed Invoice: The Client resolves disputes at its own cost. Fees continue to accrue during resolution.

5. GOVERNING LAW & DISPUTES

  • This Agreement is governed by the laws of the State of [State].
  • Disputes shall be resolved through arbitration in [City, State] under [Arbitration Body] rules.

6. CONFIDENTIALITY

Both parties agree to keep all terms confidential unless disclosure is required by law.

7. TERMINATION

Either party may terminate this Agreement with 30 days’ written notice. Existing obligations (e.g., Fees, repayments) survive termination.

8. ENTIRE AGREEMENT

This document supersedes all prior agreements. Amendments require written consent from both parties.

IN WITNESS WHEREOF, the parties execute this Agreement as of the date first written above:

[Investor Name]
Date: _____________________

[Client Name]
Date: _____________________

Note:

  • Adjust advance rates, repayment terms, or jurisdiction as needed.
  • Consult a legal professional to ensure compliance with state/federal laws.
  • Attach schedules (e.g., Invoice list, fee calculations) as appendices.