Accounts Receivable For Sale In San Jose
Category:
State:
Multi-State
City:
San Jose
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document that facilitates the sale of outstanding accounts from a seller to a buyer in San Jose. Key features of this form include the seller's obligation to deliver all rights to the accounts listed in Exhibit 'A', assurance that the accounts are unencumbered and have been created in the normal course of business, and provisions regarding the inspection of accounts by the buyer. The form also allows for a recourse or non-recourse agreement, defining the seller's liability for defaults. When filling out the form, users should accurately specify account details, inspection periods, and any necessary representations or warranties. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in commercial transactions or debt collection, as it simplifies the transfer of accounts with clear legal protections. Additionally, it provides a structured approach to ensure due diligence, protecting both parties in the transaction.
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