Accounts Receivable Contract For Services In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Services in Hillsborough serves as a formal agreement between a seller and a buyer regarding the sale of outstanding accounts receivable. This contract specifies that the seller transfers all rights, titles, and interests in the listed accounts, which are detailed in an accompanying exhibit. Key features include representations by the seller about the accounts, including their completeness, the absence of contingencies on payments, and existing claims against the accounts. The form allows for either a secured or unsecured sale of accounts, and lays out provisions for inspecting the accounts and potential repurchase in cases of default. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle commercial transactions or collections, as it provides a clear framework for rights and obligations related to accounts receivable sales. Additionally, it ensures due diligence practices are upheld, protecting the interests of both buyers and sellers involved in account transactions.
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