Accounts Receivable Contract For Services In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Services in Bronx is a legal document that outlines the sale of accounts receivable from the Seller to the Buyer. It specifies that the Seller transfers their rights and interests in all accounts listed in an attached exhibit, ensuring all goods or services represented by the accounts have been delivered. The Seller confirms that no payments are contingent on future deliveries and that the accounts are free from defenses, counterclaims, or offsets. This contract allows the Buyer to inspect the accounts within a specified timeframe and cancel the agreement if they are dissatisfied. Important features include the conditions for recourse, representations made by the Seller regarding the accounts, and stipulations for handling any funds collected post-sale. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured way to formally transfer rights to receivables, ensures compliance with local laws, and mitigates risks associated with outstanding accounts. It acts as a crucial tool for managing financial transactions and protecting the interests of involved parties in the Bronx.
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