Accounts Receivable Contract Format In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Format in Franklin outlines the terms for the sale of accounts receivable between a Seller and a Buyer. This document includes essential elements such as the Seller's agreement to sell all rights to accounts listed in an attached exhibit, along with relevant invoices and payments due. Key features include Seller representations about the accounts, their status, and any contingencies regarding payment. The contract specifies conditions under which accounts can be sold with or without recourse, allowing Buyers to manage risks associated with defaults. Additionally, the Buyer is granted a specific period for inspection of the accounts to ensure satisfaction before finalizing the agreement. This contract is crucial for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants who manage or facilitate financial transactions involving accounts receivable, providing a structured framework for protecting their interests in accounts asset management. Users should fill out the form carefully, particularly in identifying any liabilities or defenses pertaining to the accounts, ensuring a clear understanding of each party's obligations. Overall, this contract serves as a reliable tool for conducting business transactions that require clarity and legal protection.
Free preview
