Accounts Receivable Contract With Aging Excel Template In Minnesota
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Aging Excel Template in Minnesota serves as a formal agreement between a Seller and a Buyer for the sale of receivables. This document outlines the Seller's transfer of rights to the accounts listed in an attached exhibit, detailing each account's balance and debtor information. Key features include provisions for representations made by the Seller regarding the status and security of the accounts, and the conditions under which the Buyer can inspect accounts before finalizing the purchase. Additionally, it specifies recourse terms for both parties, highlighting obligations should accounts default after the sale. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or debt collection. It allows legal professionals to facilitate the smooth transfer of accounts while ensuring all parties are protected under Minnesota law. The form is structured for clarity, ensuring straightforward completion and review, making it accessible even for users with limited legal experience.
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