Accounts Receivable Contract With Credit Card In Massachusetts
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Credit Card in Massachusetts is a legal document outlining the sale of a seller's accounts receivable to a buyer. Key features include a detailed listing of accounts for sale, a representation by the seller regarding the validity of these accounts, and terms that specify whether the sale is with or without recourse. Filling instructions suggest that both parties must complete their respective roles with clarity, ensuring accuracy in the attached exhibit that lists the accounts. The form allows for due diligence, giving the buyer a specified period to inspect the accounts before finalizing the purchase. This contract is particularly useful for attorneys, partners, and business owners who are involved in financial transactions requiring clear terms around debt sales. It also serves paralegals and legal assistants in preparing accurate documentation for accounts sales. Overall, the contract helps in establishing a legally binding agreement, thus securing the interests of both the seller and the buyer.
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