Accounts Receivable Contract With Customer In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer in Franklin is a legal document that facilitates the sale of accounts receivable between a seller and a buyer. This form allows the seller to transfer all rights and interests in specified accounts, as detailed in an accompanying exhibit, to the buyer. Key features include seller representations about the status of the accounts, conditions regarding payment and outstanding obligations, and agreement on recourse or non-recourse terms. Specific instructions for filling out the form include providing details about account balances, debtor information, and any outstanding issues. Additionally, there is a provision for the buyer to inspect the accounts prior to finalizing the purchase. This contract is particularly useful for attorneys, partners, and business owners involved in commercial transactions, as it provides a clear structure for transferring financial obligations. Paralegals and legal assistants may find this form beneficial when preparing documents related to accounts receivable, ensuring compliance with state laws and accuracy in disclosures.
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