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Accounts Receivable - Contract to Sale

Accounts Receivable Contract For Services In Harris

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

County:

Harris

Control #:

US-00402

Format:

Instant download

Description

The Accounts Receivable Contract for Services in Harris outlines the agreement between a seller and a buyer regarding the sale of accounts receivable. Key features include the seller's obligation to transfer all rights related to the accounts listed in an attached exhibit, confirmations regarding the legitimacy and collectability of these accounts, and conditions for recourse in case of defaults. Users are guided through the process of detailing the accounts sold, including inspection rights for the buyer, allowing a specific number of days for due diligence. Importantly, the form stipulates that any funds received after a specified date must be transferred to the buyer, ensuring clear financial obligations. The contract is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who need to formalize the sale of accounts receivable. Its straightforward provisions help ensure that legal protections are in place while facilitating smoother transactions in financial dealings.

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