Accounts Receivable Contract For Deed In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Houston is a legal document facilitating the sale of an individual's or entity's accounts receivable to another party. The seller transfers their rights and interests in specified accounts outlined in an attached exhibit. Key features include seller representations concerning the validity and status of the accounts, such as ensuring that the accounts are not contested and are free of any liens. The buyer has a due diligence period to inspect the accounts and can cancel the contract if not satisfied. Additionally, the contract can be structured with or without recourse against the seller, which affects the buyer's ability to reclaim accounts in default. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who engage in commercial transactions and need to document the sale of receivables systematically. It ensures both parties have clarified responsibilities and protects their interests during the sale process.
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