Receivable Contract With America In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with America in Chicago outlines the agreement for the sale of accounts receivable between a Seller and a Buyer. Key features include the Seller's pledge to transfer all rights, title, and interests in specified accounts to the Buyer, as detailed in an attached Exhibit. The Seller must confirm the validity of these accounts, including that they are not subject to contestation, and must disclose any security interests or offsets. The contract clarifies whether the accounts are sold with or without recourse and provides a period for the Buyer to inspect the accounts before finalizing the sale. This form is especially useful for attorneys, partners, and owners involved in financial transactions, as it provides a structured legal framework. Paralegals and legal assistants can efficiently assist in preparing, filing, and ensuring compliance with the terms. Additionally, associates can leverage this form for managing accounts receivable transactions, making it a valuable tool in the legal and financial sectors.
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