Accounts Receivable Contract For Deed In Minnesota

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

Description

The Accounts Receivable Contract for Deed in Minnesota is a legal document that facilitates the sale of accounts receivable between a seller and a buyer, outlining key terms and conditions. It allows the seller to transfer all rights, titles, and interests related to the listed accounts, which includes invoices and tips on money due. Key features include seller representations concerning account validity, payment contingencies, and any existing liens. Additionally, the form allows for the assignment of accounts with or without recourse, and it provides a due diligence period for the buyer to inspect the accounts prior to finalizing the sale. This contract is particularly useful for attorneys and legal assistants who need to ensure compliance with Minnesota laws when drafting and executing such contracts. Partners and owners can utilize this form to manage their business cash flow by converting receivables into immediate funds. Paralegals and associates benefit from understanding the structure of this contract for assisting clients in the sale or acquisition of receivables effectively.