Accounts Receivable For Sale In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is designed for parties engaged in the sale and purchase of outstanding accounts, specifically focusing on accounts receivable in Franklin. It enables the Seller to sell their rights to all accounts listed in Exhibit 'A', ensuring the Buyer receives all associated payments and rights without contingencies. Key features include representations by the Seller regarding the validity and status of the accounts, inspection rights for the Buyer, and specified recourse options in the event of default. The form also outlines the obligations of both parties concerning account inspections and potential repurchases of defaulted accounts. This document serves as a crucial legal tool for attorneys, partners, and legal assistants who need to formalize the sale of accounts receivable, ensuring all necessary conditions and representations are met. It provides a straightforward framework for parties to execute agreements with clarity in state law jurisdiction and specific account details, serving as a reliable resource for legal professionals managing financial transactions.
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