Receivable Forward Contract In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Hennepin is a legal agreement between a seller and a buyer for the sale of accounts receivable. This contract allows the seller to transfer all rights, title, and interest in specified accounts to the buyer, including all related invoices and future payments. Key features of the form include representations by the seller regarding the accounts, conditions on the sale, and the possibility of recourse if the accounts default. Users must fill out details about the accounts and any contingencies or claims. The form provides a specified period for buyer inspection and due diligence. This contract is particularly useful for attorneys, partners, and owners managing receivables, as well as paralegals and legal assistants assisting in diligence processes. It helps structure financial transactions cleanly and clearly, allowing for manageable risk and safeguarding the buyer's interests.
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