Account Receivable Sales Formula In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable outlines a legal agreement between a Seller and a Buyer regarding the transaction of accounts receivable. This document is crucial for confirming the sale of all rights, titles, and interests in accounts listed in an attached exhibit, ensuring the Buyer acquires all money due on these accounts. Key features include representations by the Seller about the accounts' validity, outstanding balances, and conditions under which they can be contested or have offsets. Users must carefully fill in specifics such as names, dates, and any contingencies related to the accounts. Legal professionals, such as attorneys and paralegals, can utilize this form to facilitate sales of accounts receivable, making it relevant for partners and business owners looking to liquidate receivables efficiently. The form also provides Buyer's rights to inspect accounts and allows for a due diligence period, which adds a layer of protection against unsatisfactory accounts. Overall, it serves as a straightforward tool for managing account transactions securely and legally.
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