Accounts Receivable Contract Formula In Nevada
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable in Nevada serves as a formal agreement between a seller and a buyer regarding the transfer of outstanding accounts. This contract outlines key details, such as the seller's representation of ownership, the condition of accounts, and the rights involved in the transfer. It requires sellers to provide an attached Exhibit "A" that lists detailed account information, including balances, start dates, and the account debtor's details. Buyers are granted a specific period for due diligence to inspect the accounts before finalizing the agreement. The contract stipulates whether the sale is with or without recourse, determining the seller's obligations in case of default. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate account sales, ensuring thorough documentation and compliance with state laws. Additionally, it aids in protecting the interests of both parties by clarifying responsibilities and expectations.
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