Accounts Receivable Contract For Dummies In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Dummies in Santa Clara outlines the agreement between a Seller and a Buyer for the sale of accounts receivable, providing clear instructions and key features for users. It specifies that the Seller sells their rights, title, and interest in all listed accounts to the Buyer, ensuring that all account details, such as outstanding balances and debtor information, are accurately documented. The contract includes representations by the Seller regarding the legitimacy and status of the accounts, as well as any existing claims or defenses. Notably, it includes provisions on the recourse of accounts, allowing the Buyer certain rights should any accounts default. Users have a defined period to inspect the accounts, with options for cancellation if unsatisfied. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to secure transactions, ensuring clear communication and documentation. It serves as a vital tool for managing cash flow and establishing legal rights related to accounts receivable, which is crucial for businesses operating in Santa Clara.
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