Selling Receivables Is Called In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
Selling receivables is called in Bexar refers to the practice of transferring accounts receivable to another party, allowing businesses to improve cash flow. This form, titled Contract For The Sale Of Accounts Receivable, serves as a legal agreement between the seller and buyer regarding the sale of these accounts. Key features of the form include the listing of accounts on Exhibit 'A,' assurances from the seller about the validity of these accounts, and details concerning payment obligations. Users must follow specific filling instructions, including providing accurate information about the accounts and ascribing recourse terms as needed. The form is beneficial for attorneys, partners, and owners by facilitating necessary due diligence and ensuring information transparency. For associates, paralegals, and legal assistants, the document provides a clear framework for managing the sale of accounts and addressing potential legal concerns. Overall, this contract aids users in navigating the complexities of selling receivables while maintaining a professional standard.
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