Accounts Receivable Contract For Deed In Georgia
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Georgia is a legal instrument used to formalize the sale of accounts receivable between a seller and a buyer. This contract outlines that the seller agrees to transfer all rights, title, and interest in specified accounts along with any related invoices and any future payments due. Key features include the seller's representation regarding the authenticity of the accounts and their status (secured or unsecured), as well as provisions for handling any future defaults. The seller must affirm that no disputes exist concerning the accounts being sold. The buyer is granted a period to inspect the accounts before finalizing the purchase, providing an opportunity for due diligence. This form allows for both with or without recourse options, determining whether the seller remains liable for defaults on sold accounts. It is beneficial for a variety of professionals, including attorneys, partners, and paralegals, as it provides clear documentation and terms for asset sales, facilitating transactions while ensuring all parties are informed of their rights and obligations. Such contracts are essential in business transactions, helping maintain legal compliance and aiding in financial planning.
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