Receivable From Sale In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable from Sale in Franklin is utilized to formalize the sale of accounts receivable between a Seller and a Buyer. This legal document ensures the transfer of all rights, titles, and interests in specified accounts, outlined in an attached Exhibit. Key features include the Seller's representation regarding the completeness and legality of accounts, provisions for recourse or non-recourse sales, and a stipulated inspection period for the Buyer to validate the accounts. It serves as a safeguard for the Buyer by asserting that no competing claims exist against the accounts and mandates the Seller to repurchase any accounts that default. Filling this form requires careful attention to detail and completion of all sections, including the acknowledgment of debtors and account statuses. Target users such as attorneys, partners, owners, associates, paralegals, and legal assistants will find this form valuable for conducting transactions involving accounts receivable, ensuring compliance with relevant laws, and protecting their interests in business dealings.
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