Accounts Receivable Contract With Payment Processing In Florida
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Payment Processing in Florida is a formal agreement between a Seller and Buyer regarding the sale of outstanding accounts receivable. This contract specifies the accounts being sold, their balances, and the payment terms involved. Key features include representations by the Seller regarding the accounts' authenticity and status, options for recourse in case of default, and a due diligence period for the Buyer to inspect the accounts before finalizing the purchase. The contract is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for transferring accounts while ensuring compliance with state laws. It allows legal professionals to guide clients through the sale process effectively, safeguarding against potential liabilities and ensuring that all parties understand their rights and obligations. Additionally, the inclusion of an Exhibit detailing specific accounts adds transparency, making it easier for users to assess the value and risks involved.
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