How easy is it to end the relationship with a Factor or Invoice Discounter?
Termination will be subject to the terms of the contract, which should be read carefully before signing. Some contracts stipulate three months notice, exercisable at any time or on a contract anniversary, while some are annual. Termination is always subject to full repayment of funds provided by the Factor or Invoice Discounter, and you must ensure that the required finance is available when needed. ABFA members agree to follow a set of procedures when a client is moving from one member to another in order to make the process as simple as possible for both the client and their customers.
