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I am providing lock box services for individual 1099 individuals. The bank needs me to produce an agency agreement for each of my clients (Partner's) to sign. The document is really simple in nature. It just needs to say that I (TEAM) have been authorized by XXXX (My client) to deposit funds into their agency account and that I am only allowed to withdrawl funds for : Taxes, TEAM service fee, and checks/direct deposits to them (the client).
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