Accounts Receivable Contract With Payment Processing In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Payment Processing in Collin is designed to facilitate the sale of accounts receivable between a seller and a buyer. This form clearly outlines the obligations of both parties, ensuring that the seller agrees to transfer all rights and interests in specified accounts, as detailed in an attached exhibit. Key features include representations from the seller about the validity of the accounts, as well as conditions for payment related to those accounts. Notably, the contract includes terms regarding inspections and the possibility of repurchase of accounts that go into default. It caters specifically to users such as attorneys, partners, owners, associates, paralegals, and legal assistants, providing them with a structured tool to manage the complexities of accounts receivable sales. By using this form, users can ensure compliance with applicable laws while simplifying the due diligence process and protecting rights during the transaction. Overall, this contract serves as a comprehensive legal document for parties engaging in the sale of accounts receivable, helping to prevent disputes and clarify responsibilities.
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