Receivable For Sales In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a critical legal document designed for the sale of outstanding receivables in Fairfax. This document allows a seller to sell their right, title, and interest in specified accounts receivable to a buyer, ensuring all relevant details are adequately documented. Key features include representations by the seller about the validity and condition of the accounts, including details on payment contingencies and possible defenses. The form requires the seller to affirm that no contested claims exist and outlines the recourse affiliation between the parties. Buyers receive a specified period to inspect accounts and can cancel the contract if dissatisfied. It's essential for attorneys, partners, owners, associates, paralegals, and legal assistants to recognize that this form serves as a foundation for transferring receivables securely, minimizing legal disputes, and ensuring compliance with state laws. It is advisable to fill in all blank spaces accurately and to consult legal counsel to tailor the form's provisions to specific circumstances.
Free preview
