Accounts Receivable Contract With Customer In Maricopa

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• County: Maricopa
• Control #: US-00402
• Format: Word; Rich Text

Description

The Accounts Receivable Contract with Customer in Maricopa is a legal document that facilitates the sale of accounts receivable from a seller to a buyer. It establishes that the seller sells all rights to specified accounts, as detailed in an attached exhibit, including all related invoices and future payments. Key features of this contract include representations by the seller regarding the accounts, such as that they are all outstanding, not contingent upon future goods or services, and are free from any defenses or claims. The form outlines the procedure for inspection and due diligence by the buyer, allowing a set number of days to review the accounts and cancel the contract if unsatisfied. The agreement can be structured as a sale with or without recourse, affecting the buyer's rights to reconvey accounts in default. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for transferring receivables, ensuring legal compliance and streamlined transactions for businesses in Maricopa.