Accounts Receivable Contract With Payment Processing In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Payment Processing in Fairfax is a legal document designed to facilitate the sale of accounts receivable from a seller to a buyer. It outlines the rights and obligations of both parties, including the transfer of all rights, title, and interest in specified accounts, as detailed in an attached exhibit. Key features of the contract include seller representations regarding the status and validity of the accounts, inspection rights for the buyer, and conditions for default and recourse. Users must complete the form by filling in the appropriate seller and buyer details, account specifics, and dates. Instructions emphasize the importance of due diligence, allowing buyers a set period to assess accounts before finalizing the sale. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who may be involved in transactions involving accounts receivable. It provides a clear framework for both parties, reduces potential disputes, and ensures compliance with applicable laws. Overall, it is a vital resource for efficiently managing accounts receivable sales in Fairfax.
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