Accounts Receivable Contract Formula In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal form designed for use in Contra Costa. It facilitates the selling of accounts receivable from a Seller to a Buyer, detailing essential aspects such as the rights, titles, and interests being transferred. The form includes representations from the Seller about the legitimacy of the accounts, the absence of contingencies on payments, and any existing liens. Key features of the form consist of the requirement for an attached Exhibit 'A' that outlines the accounts being sold and due diligence provisions for the Buyer to inspect accounts within a specified timeframe. For individuals in the legal profession, such as attorneys, partners, owners, associates, paralegals, and legal assistants, this contract serves as a valuable tool in structuring sales of receivables, ensuring compliance with state laws, and protecting the interests of both parties involved. The form also stipulates whether the sale is ‘with or without recourse,’ impacting the Seller’s obligations in case of default. Additionally, clear sections dedicated to representations and Seller’s agreements streamline the process of filling and editing the document while providing necessary legal assurances.
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