Accounts Receivable Contract For Deed In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Fairfax is a legal document that facilitates the sale of all rights, title, and interest in specified accounts receivable from one party (the Seller) to another (the Buyer). It outlines key elements such as the sale of accounts detailed in an attached exhibit, representations made by the Seller about those accounts, and warranties that ensure no contingent payments are due. The contract also addresses the recourse nature of the sale, allowing the Buyer options for recourse if accounts default, as well as a period for the Buyer to inspect accounts before committing. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for the transfer of accounts receivable, ensuring legal compliance and due diligence processes are met. Additionally, it enables structured transactions and helps in mitigating risks associated with the collection of debts, thereby catering to the needs of businesses engaged in receivables management.
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