Accounts Receivable Contract With Payment Processing In Virginia

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• Control #: US-00402
• Format: Word; Rich Text

Description

The Accounts Receivable Contract with Payment Processing in Virginia is a legal document facilitating the sale of a seller's outstanding accounts to a buyer. This contract includes provisions for the buyer to purchase all rights, titles, and interests in the accounts outlined in an attached exhibit. It ensures that the accounts are legitimate with no outstanding contests or claims against them and details any potential recourse obligations. Users can find filling and editing guidance within the contract, such as detailing the accounts, representation of the seller, and standard timelines for inspections and due diligence. It is valuable for attorneys, partners, and legal assistants as it provides a clear structure for a financial agreement, ensures compliance with local laws, facilitates collections, and mitigates risks associated with account disputes. Paralegals and legal assistants can streamline the process of drafting and reviewing by utilizing this standardized contract, promoting efficiency in handling accounts receivable transactions.