Receivable From Sale In Hennepin

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• County: Hennepin
• Control #: US-00402
• Format: Word; Rich Text

Description

The Receivable from Sale in Hennepin is a contract designed for the formal sale of accounts receivable between a seller and a buyer. This document outlines the rights and interests being transferred, specifically detailing the accounts listed in Exhibit 'A', along with their associated invoices and due payments. Key features include seller representations about the accounts, such as their completeness, lack of contingencies, and absence of contested payments or defense claims. The document also stipulates the conditions under which the assignment is made, either with or without recourse, and allows the buyer a specified time frame to inspect the accounts. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in transactions involving accounts receivable, offering a structured process for verifying account legitimacy and defining the terms of sale. It supports the ensuring of clear accountability and legal protection for both parties involved in the transaction.