Accounts Receivable Contract For Deed In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Travis is a legal form utilized for the sale of outstanding accounts receivable from one party (Seller) to another (Buyer). The document outlines the terms under which the Seller agrees to convey all rights and interests in specified accounts, including all associated invoices and future payments. Key features include the Seller's representations about the bona fide nature of the accounts, their current balance, and assurances that no disputed payments exist. It also specifies whether the sale is with or without recourse, allowing the Buyer to reclaim accounts in default after appropriate collection attempts. The form provides an inspection period for the Buyer to evaluate the accounts before finalizing the agreement. This form aids legal professionals, including attorneys, paralegals, and legal assistants, in managing accounts receivable transactions, ensuring all parties understand their obligations and rights. Partners and owners can verify financial transactions and maintain transparent records, while associates can streamline the document preparation and review process.
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