Accounts Receivable Contract For Deed In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Collin is a formal agreement between a seller and a buyer for the sale of accounts receivable. This document allows the seller to transfer their rights, title, and interest in specified accounts to the buyer. Key features include the seller's representation of account completeness, the inspection period for the buyer, and the recourse provisions in case of account defaults. Instructions for filling out the form involve detailing the accounts in an attached exhibit and ensuring all necessary disclosures are made regarding payments and any existing liens. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it outlines the legal obligations and rights concerning the sale of accounts receivable. Its clear structure aids users in verifying compliance with legal standards, managing potential risks, and facilitating smooth transactions. The form ensures that both parties have a firm understanding of their responsibilities and provides a framework to resolve any disputes that may arise.
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