Accounts Receivable Contract With Payment Processing In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Payment Processing in Broward is a legal document facilitating the sale of accounts receivable between a Seller and a Buyer. This contract outlines the Seller's agreement to sell all rights related to specific accounts, detailed in an attached exhibit, to the Buyer. Key features include representations by the Seller regarding the existence of the accounts, assurance that all products have been delivered, and stipulations concerning the rights and conditions of payment. It also details recourse options for the Buyer in case of default. Users are permitted to inspect the accounts for a specified period before finalizing the agreement. This contract is especially useful for attorneys, business owners, and legal assistants, providing a clear structure for the sale of accounts receivable while ensuring compliance with state laws. Paralegals can assist in drafting and reviewing the document, while associates and partners may utilize it to facilitate financial transactions, ensuring all involved parties understand their rights and responsibilities.
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