Accounts Receivable For Sale 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 is a legal document facilitating the sale of accounts receivable from a seller to a buyer. This form is essential for businesses in Bronx looking to manage cash flow by selling outstanding invoices. Key features include the detailing of accounts on an attached exhibit, seller representations regarding the accounts' validity and status, and stipulations regarding payment contingencies. The form allows the buyer a designated period to inspect the accounts, ensuring due diligence before finalizing the purchase. Additionally, terms regarding recourse and default management are provided, allowing flexibility in account handling. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to navigate sales of accounts receivable, understand their rights and obligations, and effectively manage the transaction process. Proper filling instructions emphasize clarity and thoroughness to avoid future disputes, making this form valuable for professionals engaged in commercial transactions.
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