Accounts Receivable Contract With Payment Processing In Miami-Dade

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

Description

The Accounts Receivable Contract with Payment Processing in Miami-Dade is a formal agreement that facilitates the sale of accounts receivable from one party (Seller) to another (Buyer). This contract includes critical components such as the Seller's representation of the accounts' validity, detailed listings of the accounts in Exhibit "A," and stipulations regarding payment processes. Key features of the form include provisions for inspections by the Buyer within a specified timeframe, conditions for recourse on the sale, and warranties against offsets or claims on the accounts. Filling out the contract requires clear identification of both parties and their respective rights and responsibilities, ensuring clarity about the status of accounts and any related financial obligations. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in commercial transactions, as it provides a structured approach to the assignment of accounts. It serves as a legal safeguard for both the Buyer and Seller, detailing the terms under which the accounts are sold and offering options for recourse should issues arise. The document is designed to simplify the accounts receivable transaction process while ensuring compliance with local legal requirements.