Accounts Receivable Contract With Credit Card In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Credit Card in Salt Lake is a formal agreement between a seller and a buyer regarding the sale of outstanding accounts receivable. The document lays out the seller's obligation to transfer all rights to specified accounts detailed in an attached exhibit. Key features include seller representations about the accounts, such as their authenticity, payment status, and conditions regarding any defenses or offsets. Additionally, the agreement stipulates whether the sale is with or without recourse and outlines the due diligence period for the buyer. Users must ensure that all necessary information, such as account details and seller representations, is accurately filled out. This form serves various legal professionals, including attorneys and paralegals, allowing them to facilitate transactions involving accounts receivable efficiently. It is particularly useful for those involved in business financing, as it streamlines the process of selling accounts. Legal assistants can also use this form to support their teams in creating clear contracts that comply with local laws. Overall, this contract helps protect the interests of both parties while ensuring clarity and legal compliance.
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