Accounts Receivable Contract Formula In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Formula in Philadelphia is a legal document that facilitates the sale of accounts receivable from a seller to a buyer. This contract outlines the seller's commitment to transfer their rights, titles, and interests in specified accounts, as detailed in an attached exhibit. Key features include seller representations about the status and condition of the accounts, allowances for due diligence by the buyer, and stipulations regarding payment statuses and potential defaults. The document provides flexibility by allowing for either with or without recourse selling, meaning the buyer's options may vary based on the arrangement. Users should carefully follow filling and editing instructions, ensuring all account details and seller declarations are accurately documented. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it serves as a critical instrument in facilitating debt sales while addressing legal protections for both parties involved in the transaction.
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