Accounts Receivable Contract Formula In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Formula in Sacramento is a legal document facilitating the sale of accounts receivable between a seller and a buyer. This form outlines the seller's agreement to transfer all rights, title, and interest in specified accounts, as detailed in an attached Exhibit. Key features include the seller's representation of the accounts, assurances regarding their status, and conditions for any future payment contingencies. The form provides options for sales 'with' or 'without' recourse, allowing buyers certain rights in case of default. Users are instructed to complete the contract with specific details regarding account balances and debtor information. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for formalizing financial transactions while ensuring due diligence and compliance with relevant state laws. They should emphasize clarity in the documentation process to prevent misunderstandings and to maximize the enforceability of the agreement. The document facilitates a smooth transaction by allowing for a specified period for inspection and potential contract cancellation if needed.
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