Accounts Receivable Contract Formula In Texas
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document designed for the transaction of selling a seller's rights to accounts receivable in Texas. This contract outlines the agreement between the seller and buyer, specifying the accounts involved and detailing the seller's representations regarding payment status and security interests. Key features include the attached Exhibit 'A' for account details, provisions for recourse, and timelines for inspection and due diligence by the buyer. The form is structured to ensure clarity and simplicity, with straightforward language and comprehensive stipulations to protect both parties. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in commercial transactions, as it offers a clear framework for transferring account receivables. Additionally, the contract facilitates compliance with Texas laws and provides a mechanism for addressing defaults and disputes effectively. Proper filling and editing instructions ensure that users can tailor the form to their specific circumstances while maintaining legal integrity.
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