Accounts Receivable Contract Formula In Arizona
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable in Arizona is a formal agreement between a seller and a buyer concerning the transfer of rights to accounts receivable. This contract requires the seller to affirm the validity of the accounts, ensuring no outstanding issues, such as liens or contested claims, exist. Key features include the detailing of accounts in an attached exhibit, seller representations on account status, and provisions for recourse in the event of defaults. It also allows buyers a set inspection period to evaluate the accounts before finalizing the sale. This contract serves as an essential tool for attorneys, partners, and business owners to facilitate account sales while safeguarding interests. Paralegals and legal assistants will find the form crucial for ensuring compliance with local legal requirements and for supporting document preparation. Overall, this document helps streamline the accounts receivable sales process and reduces potential disputes.
Free preview
