Accounts Receivable Contract Formula In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Contract for the Sale of Accounts Receivable' functions as a legally binding agreement between a seller and a buyer regarding the transfer of outstanding accounts receivable. It outlines the seller's agreement to sell all rights, titles, and interests in specified accounts, with detailed representations about the accounts' validity and status. Key features include a clear inventory of assigned accounts, assurance of payment integrity, and provisions detailing recourse options for the buyer in case of account default. The attached Exhibit 'A' is integral, presenting vital details such as account balances and debtor information. The form includes clauses allowing for inspection and due diligence by the buyer within a specified period, facilitating informed decision-making prior to finalizing the sale. Attorneys, partners, and legal professionals can utilize this standard form to streamline transactions and ensure legal compliance in selling accounts receivable. Paralegals and legal assistants will find clear filling and editing instructions, making it an effective tool for facilitating contracts between businesses and enhancing their financial transactions.
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