Accounts Receivable Contract For Deed In Florida
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts receivable contract for deed in Florida is a legal document that facilitates the sale of outstanding accounts receivable from a seller to a buyer. This contract outlines the seller's agreement to transfer all rights, titles, and interests in specified accounts, as detailed in an attached exhibit. Key features include representations from the seller regarding the completeness and validity of the accounts, conditions under which the accounts are sold (with or without recourse), and an inspection period for the buyer to assess the accounts prior to finalizing the sale. The form includes provisions for seller obligations and potential repurchase of any accounts that default. Ideal for use by attorneys, partners, and legal professionals, this document aids in structuring financial transactions involving accounts receivable, ensuring clarity and compliance with Florida laws. Paralegals and legal assistants may find it useful for handling due diligence, as it contains elements crucial for risk assessment in account transfers. Overall, it's designed to protect both the seller and buyer during the sale process of accounts receivable.
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