Account Receivable Sales Formula In Florida
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document utilized for the sale of outstanding accounts, primarily within the state of Florida. This form lays out the responsibilities of both the seller and the buyer, helping facilitate the transfer of accounts listed in an attached Exhibit 'A'. Key features of the contract include seller representations regarding the accounts, such as the delivery of goods or services, account balances, and the absence of contested payments. It also specifies the conditions surrounding the recourse against the seller for defaulted accounts and allows the buyer a specified inspection period to perform due diligence. Filling out this form requires accurate details about the accounts being sold, ensuring that all necessary disclosures and representations are made prior to agreement. It serves a significant role for attorneys, partners, owners, associates, paralegals, and legal assistants in ensuring fair transactions, protecting legal interests, and minimizing risks associated with the sale of receivables. Tailored for legal professionals, the form aids in the clarity of accounts receivable sales, promoting lawful transactions.
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