Receivable From Sale In Clark
Category:
State:
Multi-State
County:
Clark
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document that facilitates the transfer of ownership of accounts receivable from a seller to a buyer. It outlines the seller's rights, interests, and obligations related to the accounts as specified in Exhibit 'A'. Key features of the form include representations by the seller regarding the validity and status of the accounts, such as confirmation that all relevant goods or services have been delivered and that no payments are contingent on future deliveries. The form also details provisions regarding recourse options and allows the buyer a specific period to inspect the accounts before finalizing the sale. This document is particularly useful for attorneys, partners, and owners as it helps in structuring sales transactions that ensure legal compliance and protection for both parties. Associates, paralegals, and legal assistants may find it beneficial in understanding the mechanics of accounts receivable transactions while aiding in the preparation and management of documents related to such sales.
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