Receivable Forward Contract In Arizona
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Arizona is a legal document that facilitates the sale of accounts receivable from a seller to a buyer. This form specifies the rights, title, and interest in the accounts being sold, along with invoices and future payments due. Key features include seller warranties regarding the accuracy and current status of the accounts, options for recourse in the event of default, and a due diligence period for the buyer. Users must fill in specific details such as the names of the seller and buyer, account information, and the inspection period. It is vital for attorneys, partners, and owners involved in financial transactions as it helps secure cash flow through accounts receivable. Paralegals and legal assistants benefit by ensuring that all necessary information is correct and complete, facilitating smoother transactions. Overall, the form serves as a crucial tool for managing receivables while providing legal protections for both parties.
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