Accounts Receivable Contract For Services In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Services in Chicago is a legal document designed to facilitate the sale of accounts receivable between a seller and buyer. The form outlines key components such as the seller's agreement to transfer all rights related to specified accounts, along with provisions regarding the status of those accounts. It includes representations from the seller ensuring that all goods or services have been delivered and that no payments are contingent. The contract also specifies if the sale is with or without recourse, allowing buyers to reconvey any defaulted accounts back to the seller under certain conditions. Additionally, the buyer has a designated period to inspect the accounts before finalizing the agreement. It is essential for legal professionals, including attorneys and paralegals, to guide their clients through filling out and editing the form correctly, ensuring compliance with local regulations. This form is particularly useful for business owners and partners engaging in the sale or assignment of receivables, as it provides a structured approach to managing outstanding debts while protecting the interests of both parties.
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