Account Receivable Sales Formula In Broward

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• County: Broward
• Control #: US-00402
• Format: Word; Rich Text

Description

The document titled 'Contract for the Sale of Accounts Receivable' outlines the terms of sale between a Seller and a Buyer regarding the transfer of rights to outstanding accounts receivable. The Seller agrees to transfer all interests in listed accounts and any associated invoices, confirming that all goods and services have been delivered and payments are not contingent on future actions. The attached Exhibit 'A' must detail each account's balance, history, and debtor information. Notably, it stipulates that accounts must be free from disputes or offsets unless explicitly stated. This form allows for the sale of accounts with or without recourse, establishing clear buyer rights for inspecting accounts and potential cancellation if unsatisfied. Target audiences such as attorneys, partners, owners, associates, paralegals, and legal assistants will find this form essential for formalizing business transactions with clarity and legal protection. It facilitates compliance with state laws and can be tailored for specific business needs, offering a structured approach to managing accounts receivable sales.