Receivable Forward Contract In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Bexar is a legal agreement between a seller and buyer for the sale and assignment of accounts receivable. This contract outlines the seller's commitment to sell all rights and interests in specified accounts, detailed in an attached exhibit. Key features include seller representations about the accounts, such as their authenticity, that all products or services have been delivered, and that no payments are contingent upon future deliveries. Additionally, the contract stipulates whether the assignment is with or without recourse. Buyers have a designated period to inspect the accounts and can cancel the contract if unsatisfied. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear structure for financial transaction documentation, ensuring legal compliance while facilitating the sale of receivables in a professional manner. It allows stakeholders to mitigate risks associated with unpaid accounts and clearly defines the terms of buyer-seller interactions in financial dealings.
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