Accounts Receivable For Sale In Minnesota
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document specific to the sale of accounts receivable in Minnesota. It establishes the terms between the seller and buyer concerning the transfer of all rights, title, and interest in identified accounts as detailed in an attached exhibit. Key features of this form include the seller's representation of account validity, full disclosure of account balances, and warranties regarding unsecured status or existing liens. It also stipulates the conditions under which the buyer may inspect accounts and potentially cancel the contract if unsatisfied. Additionally, the form outlines recourse options in case of default and specifies collector rights regarding future payments. This contract is useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are facilitating or engaging in the sale of receivables, providing a clear structure for legal transactions and minimizing disputes. Users can fill and modify this form easily, ensuring compliance with Minnesota law while protecting their rights in the sale process.
Free preview
