Accounts Receivable Contract For Services In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Services in Cook is a legal document outlining the sale of outstanding accounts from a seller to a buyer. Key features include the seller's agreement to sell all rights to specified accounts, a representation clause regarding the validity of accounts, and provisions for recourse or non-recourse sales. The contract allows buyers a specified period to inspect accounts, ensuring they meet satisfaction criteria. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the purchase or sale of accounts receivable. It facilitates clear communication of terms and conditions, protects both parties' interests, and aids in due diligence. Filling and editing instructions highlight the need for accurate information in the exhibit and careful consideration of recourse options. Additionally, the document emphasizes legal compliance with relevant state laws, making it an essential tool in financial transactions.
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