Accounts Receivable Contract For Deed In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts receivable contract for deed in Phoenix is a legal agreement between a Seller and Buyer concerning the sale of accounts receivable. It outlines the Seller's commitment to transfer all rights and interests in their accounts, specified in an attached Exhibit 'A', to the Buyer. Key features include Seller representations about the accounts’ validity and their unencumbered status, along with provisions for recourse on defective accounts. The form allows the Buyer a specified period to inspect and conduct due diligence on the accounts before finalizing the purchase. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured means to secure and document the sale of receivables while minimizing disputes. Users will benefit from clarity on their rights and obligations regarding account transfers and the potential for recourse if the accounts default. The form supports effective risk management in business transactions and fosters transparency between parties involved.
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