Accounts Receivable Contract Formula In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Formula in Salt Lake facilitates the sale of accounts receivable between a seller and a buyer, clearly outlining the rights being transferred. This contract specifies the seller's commitment to transfer all rights to the listed accounts along with any associated invoices and payments. Key features include representations by the seller regarding the accounts' validity, any contingencies, and whether they are secured or unsecured. It also provides a due diligence period for the buyer to inspect the accounts before finalizing the purchase. The terms regarding recourse and the recapture of defaulted accounts are also included. The agreement is constructed under the applicable state laws, ensuring legal compliance. For target audiences such as attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a critical tool for managing financial transactions securely. It simplifies the process of selling accounts while protecting the interests of both parties involved.
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