Accounts Receivable Contract For Deed In Pennsylvania
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Pennsylvania is a legal instrument that facilitates the sale of accounts receivable between a seller and a buyer. Key features of this contract include the seller's agreement to sell all rights to specified accounts, detailed representations about the accounts' validity, and provisions regarding payments and defaults. The document outlines seller representations, such as the completeness of account balances and lack of contingent payments. It also specifies whether the assignment is with or without recourse and allows the buyer a specified period for due diligence before confirming the sale. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in transactions requiring the sale of accounts receivable, providing a structured way to mitigate financial risk. Users can complete the form by filling in specific details, including the parties' names and the account specifics listed in an attached exhibit. It offers a practical framework for managing and transferring business assets efficiently within Pennsylvania's legal context.
Free preview
