Accounts Receivable Contract For Deed In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts receivable contract for deed in Wake is a legal document facilitating the sale of accounts receivable between a seller and a buyer. This contract outlines the seller's agreement to transfer all rights, titles, and interests in specified accounts, as detailed in an attached exhibit. Key features include the seller's representation of account validity, the detailing of any secured or unsecured accounts, and provisions for repurchase in case of default. Filling and editing instructions emphasize the necessity for accurate information regarding account details and the due diligence period for the buyer. The form allows for contracts to be structured with or without recourse, giving flexibility to the buyer regarding potential liabilities. This contract is essential for attorneys, owners, and partners looking to formalize accounts receivable transactions, ensuring legal protection and clarity. Paralegals and legal assistants will find the form provides a straightforward framework for preparation, reducing ambiguity in accounts receivable sales.
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