Account Receivable Sales Formula In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable outlines the agreement between a Seller and a Buyer regarding the transfer of specific accounts, which are detailed in an attached exhibit. It stipulates that the Seller is transferring all rights to the accounts, ensuring they are legitimate and free of any disputes or claims. Key features include representations by the Seller about the accounts' validity, the due diligence period for the Buyer, and terms for recourse if accounts become defaulted. This form serves as a crucial legal document for transactions involving account receivables, making it essential for attorneys, partners, and business owners. Legal assistants and paralegals will find it valuable for drafting and managing these contracts properly. Filling instructions emphasize accuracy in listing all accounts and the need for thorough inspection of the accounts within the specified timeframe. Overall, this contract facilitates clear communication of rights and responsibilities between parties, minimizing risks involved in the sale of accounts receivable.
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