Account Receivable Sales Formula In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a key legal document that facilitates the transfer of outstanding accounts from a seller to a buyer in Bexar. It outlines the seller’s obligations to transfer their rights to the accounts, detailed in an attached exhibit, which includes balances, account details, and debtor information. The seller must provide assurances regarding the validity and status of the accounts, confirming no current disputes or claims exist. The contract allows the buyer to inspect the accounts and cancel if unsatisfied within a specified timeframe. It also specifies whether the assignment is with or without recourse, impacting the buyer’s rights in case of default. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who engage in transactions involving accounts receivable, providing a clear framework for rights and responsibilities. It enables legal professionals to manage receivables efficiently, ensuring compliance with applicable laws in Bexar while protecting their clients' interests.
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