US Legal Forms
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Contracts
Multi-State
Accounts Receivable - Contract to Sale

Accounts Receivable Contract With Customer In Bronx

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

County:

Bronx

Control #:

US-00402

Format:

Instant download

Description

The Accounts Receivable Contract with Customer in Bronx is a legal agreement between a Seller and a Buyer for the sale of outstanding accounts receivable. Key features include the Seller's obligation to convey all rights and interests in their accounts, the requirement for the Seller to ensure the accounts are valid and collectible, and stipulations regarding payment contingencies. This form outlines the conditions under which the accounts may be sold with or without recourse, indicating the responsibilities of both parties in case of default. A detailed Exhibit 'A' must be attached, listing account balances and debtor information. Additionally, the Buyer is given a period to inspect the accounts and may cancel the contract if unsatisfied. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants dealing with commercial transactions in the Bronx, providing a structured approach to managing accounts receivable sales and reinforcing legal protection for both parties. Its clear language and specific stipulations make it accessible for users with varying levels of legal experience.

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