Days Of Sales Receivables 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 the agreement between a seller and buyer regarding the sale of outstanding accounts. Key features include the seller's obligations to transfer all rights to the accounts detailed in Exhibit 'A', which includes their balances and debtor details. The seller must confirm that the accounts are fully delivered and free from any disputes or liens. The contract specifies that the buyer has a designated period to inspect the accounts and can cancel if dissatisfied. The form also highlights recourse conditions if any accounts default. This document is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions and collections. It provides a clear framework for the transfer of receivables, ensures legal compliance, and protects the interests of both parties, thus facilitating smooth business operations.
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