Accounts Receivable Contract For Deed In Mecklenburg
Category:
State:
Multi-State
County:
Mecklenburg
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Mecklenburg is a legal document that facilitates the sale of seller's rights to their accounts receivable to a buyer. This form outlines the responsibilities of both parties, ensuring a clear transfer of rights and obligations. Key features include the seller's warranty of account validity, the provision for inspection by the buyer, and clauses detailing recourse options if accounts become delinquent. Users must fill out and attach Exhibit 'A,' which lists all accounts being sold, including balances and debtor information. The form contains clauses that protect both parties' interests and specifies the state laws governing the contract. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to streamline accounts receivable transactions, minimize risks linked to account defaults, and clarify expectations. It serves as a fundamental tool for managing financial agreements between businesses, especially in settings where receivables may need to be sold quickly for cash flow purposes.
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