📝Cash Distribution Agreements (CDAs) set up on CashDistributionAgreement.com monitor bank accounts and streams of cash flows from certain sources. When conditions outlined in the CDA are identified then certain actions are taken as agreed by the parties to the CDA.
Cash Distribution Agreements can take the form of:
- 20% of daily deposits from Shopify goes to Account #1 until $200k is transferred, 80% goes to account #2.
- 30% of deposits from YouTube go to one account until $25k is repaid.
- If balance in this bank account falls below a certain amount alert one or more parties.
- If deposits from Amazon fall below a certain amount, ACH $20k to this third party.
Next -> 📝Methods of Implementing a CDA