Net Receivable Sales Formula In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The document is a Contract for the Sale of Accounts Receivable that outlines the agreement between a seller and a buyer regarding the sale of specific accounts. It features a formula for calculating the net receivable sales, which details the total accounts sold, minus any potential discounts or liabilities. Key elements include the seller's representation of the accounts' status, including their outstanding balance, any payment contingencies, and any existing claims or defenses against the accounts. Buyers are granted the right to inspect the accounts for ___ days, allowing for due diligence before finalizing the contract. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in business transactions, as it enables them to ensure that all necessary disclosures are made and that the transfer of accounts is clearly documented. Filling and editing this form requires careful attention to detail, especially in specifying the accounts and any liabilities associated with them. The form aids practitioners in managing risk and ensuring compliance with state laws, making it an essential tool in the sale of receivables.
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