Accounts Receivable Contract Format In Minnesota
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Format in Minnesota serves as a binding agreement between a seller and a buyer regarding the sale of accounts receivable. The contract stipulates that the seller transfers all rights to the accounts listed in Exhibit 'A,' including pending invoices and payments due. Key features include representations about the status of the accounts, such as the absence of contingencies on payments and the lack of existing defenses or offsets. Users are instructed to complete the form by filling in specific information, including details about the accounts and any recourses associated with the sale. The contract also allows the buyer to inspect the accounts within a specified period before finalizing the sale. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in commercial transactions or debt collection, providing clarity and legal protection for all parties involved. The straightforward format ensures broad usability while accommodating users with varying levels of legal experience.
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