Account Receivable Sales Formula In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a formal agreement where a seller transfers their rights to outstanding accounts to a buyer. The document outlines the seller's obligation to provide all related invoices and guarantees that the accounts are valid and free from disputes. Key features include seller representations regarding the account's status, payment assurances, and details on any existing liens. Users must complete sections specifying account details and representations about payment contingencies and security interests. The form also provides an option for the buyer to conduct due diligence before finalizing the agreement. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, enabling them to formalize the sale of accounts receivable securely and efficiently. The clarity of the provisions helps users navigate the selling process and understand their rights and obligations under the agreement.
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