Accounts Receivable Contract With Customer In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer in Hillsborough is a legal document that outlines the terms under which a seller transfers their rights to outstanding accounts receivable to a buyer. Key features of this contract include the seller's agreement to sell all rights to specific accounts, as listed in an attached exhibit, and detailed representations about those accounts, such as current balances and absence of contestation. The form allows for the assignment of accounts either with or without recourse, giving the buyer certain rights depending on the arrangement. Users must complete a due diligence period, typically outlined within a specific timeframe, to assess the accounts before finalizing the contract. This contract is constructed to conform to the laws of the relevant state, ensuring legal compliance in the transaction. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in business transactions. It helps them facilitate the sale of accounts while ensuring clarity and protection for both parties involved. The straightforward structure and guidance in filling out the document make it accessible even to those with little legal experience, thereby streamlining the process of managing and selling accounts receivable.
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