Each factoring contract covers the invoices you charge the factoring company, if not all, (also called sales). If there are certain requests that you don`t want to consider, discuss them with the factoring company beforehand. You need to be clear to the postman (or lender) why you want to terminate the contract. Whether it`s because you want to take back control of your applications, you think the percentage they take is too high, or you just feel that you are able to find other appropriate funding methods, it`s important to be truthful about that. In this way, the postman may be able to provide a mutually acceptable form of solution so that you can avoid termination fees. An important aspect of this term is that if one of your customers does not want to respect this stage of the factoring process, you need to know what will happen. Ask the factoring company how long it will give you to discuss it with your customer before the postman drops that account as a whole. 7.1 The seller irrevocably authorizes the purchaser to exercise at any time, at the seller`s sole expense, one of the following powers, until all obligations are paid in full: (a) on behalf of the buyer or seller, any proceeds of security that guarantee, receive, accept, support, deliver, accept and pay the obligations or receipts of these obligations or revenues; (b) to take or bring, on behalf of the purchaser or seller, any action, action or procedure deemed necessary or desirable by the purchaser for forfeiture or any other realisation of the assets; (c) to pay all the sums necessary to carry out the deposit or charges that are or may become the first priority for the buyer`s interest in the security of the seller`s assets, including as bonds and debited from the reserve account; (d) initiate transfers or electronic credits through an electronic clearing house or other presentation system, including, but not limited to the electronic presenter, and ACH systems at the entrance or from the deposit, or a deposit account (or any other) account managed by the seller, wherever he is; (e) submit on behalf of the seller or buyer or both: a link from mechanics or related declarations or receivables from a payment loan related to goods or services that the seller sells as part of the real estate improvement; (f) any debtor who is required, with respect to an account, to indicate that the underlying account was assigned by the seller to the buyer and that the payment must be made on the buyer`s order and directly and exclusively to the purchaser; (g) contact the seller`s debtors directly to verify the amount and validity of an account established by the seller; (h) after a delay event, change the mail delivery address (including Fedex, UPS or similar service) to the seller and send emails to the seller; (i) as a result of a late event, the delay in payment, the endangerment or settlement of cash, credit, return of goods and all conditions, any account and discharge or dismissal of a debtor or other debtor (including the filing of a public data set granted to the seller by such a debtor) , without undermining obligations; (j) to pass this information on to third parties who provide credit applications through the seller, as the buyer deems necessary, including, but not only, such requests from credit bureaus.