Accounts Receivable Contract With Credit Card In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Credit Card in Hennepin is a legally binding document wherein a seller agrees to sell their outstanding accounts receivable to a buyer. This contract outlines key features including the sale of all rights, titles, and interests in specified accounts listed in an attached exhibit, ensuring that all invoices and dues are transferred. The seller must certify that all accounts are valid, unsecured, and not contested unless specified. The agreement includes provisions for recourse, allowing buyers to reconvey accounts back to sellers under certain conditions. Buyers have a designated inspection period to assess the accounts before finalizing the purchase. Significantly, the contract specifies that the laws of the state govern its interpretation. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, providing a structured approach to transferring accounts receivable while mitigating risks related to defaults and ensuring compliance with state laws.
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