Account Receivable Sales Formula In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a formal agreement between a seller and a buyer regarding the sale of accounts receivable. This form outlines key details such as the seller's rights to sell all accounts listed in an attached Exhibit 'A', which includes invoices and relevant balances. Sellers must ensure that the accounts are complete, accurate, and not subject to disputes, and they must disclose if any accounts are secured. Specific terms regarding recourse options are also included, allowing buyers to reconvey accounts if defaults occur. The document includes a due diligence period for buyers to inspect accounts and cancel the contract if they are dissatisfied. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear structure for transactions involving accounts receivable. By utilizing this form, users can ensure compliance with state laws and protect their interests in the sale process.
Free preview
