Accounts Receivable For Sale In Alameda
Category:
State:
Multi-State
County:
Alameda
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document designed to facilitate the transfer of accounts receivable from a seller to a buyer in Alameda. This form outlines the rights, titles, and interests being sold, typically including invoices and the amounts due on those accounts. Key features of the form include sections that require sellers to represent the status of their accounts, detailing balances, account status, and any secured interests. Filling and editing instructions emphasize that all relevant account details should be accurately disclosed in the attached Exhibit "A". Specific use cases are relevant for attorneys and legal professionals involved in business transactions, as well as partners, owners, and associates looking to buy or sell accounts. Paralegals and legal assistants will find this form useful in drafting and executing the sale, ensuring compliance with state laws. The form allows buyers a due diligence period to inspect the accounts before finalizing the purchase, adding a layer of protection for the buyer. Additionally, it addresses the recourse conditions if an account goes into default, making it a crucial document for parties engaged in financial transactions.
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