Assignment of Payment Rights
Upon acceptance of an early payment offer, you hereby assign your rights to receive payment for the applicable invoice(s) to Flowly's designated funding partner ("Funding Partner") or their authorized designee.
By opting into the Early Payment service provided through the Flowly platform ("Service"), you ("User" or "Contractor") acknowledge and agree to the following:
Upon acceptance of an early payment offer, you hereby assign your rights to receive payment for the applicable invoice(s) to Flowly's designated funding partner ("Funding Partner") or their authorized designee.
You agree that any invoice financed through the Flowly platform will direct your customer to remit payment directly to the Funding Partner's designated collections account.
In the event you receive payment from your customer for an invoice that has been assigned to a Funding Partner, you must immediately notify Flowly and the Funding Partner and forward the full amount received to the Funding Partner without offset or delay.
You agree not to interfere with or redirect your customer's payment obligations related to any invoice that has been assigned through the Flowly platform.
You agree to provide any reasonable cooperation requested by Flowly or the Funding Partner, including additional documentation, confirmation of services rendered, or communication with your customer if necessary to facilitate the collection of assigned payments.
Failure to remit misdirected payments or otherwise comply with these Terms may result in:
Unless otherwise explicitly agreed, the Funding Partner assumes the credit risk of the customer after assignment. You are not liable for the customer's financial inability to pay after a valid work completion and invoice assignment.
Flowly reserves the right to update these terms from time to time. Continued use of the Early Payment services constitutes acceptance of any revised terms.