Accounts Receivable For Sale In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document designed to facilitate the transfer of accounts from a seller to a buyer in Salt Lake. This form is particularly useful for professionals involved in business transactions, such as attorneys, partners, owners, associates, paralegals, and legal assistants. Key features of the form include the detailed listing of accounts on an attached exhibit, seller representations regarding the status and security of accounts, and provisions for recourse or non-recourse sales. It outlines the seller's guarantees that accounts are uncontested and fully due, ensuring that buyers are informed of any liabilities. Furthermore, the form allows buyers a specified period to inspect the accounts before finalizing the sale, providing necessary due diligence. This flexibility makes the contract adaptable for different financing situations while maintaining legal clarity. Overall, this contract serves as an official agreement that protects both parties' interests in the transfer of accounts receivable.
Free preview
