Accounts Receivable Contract Formula In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Formula in Hillsborough outlines the sale of accounts receivable from a seller to a buyer. This document includes critical sections that specify the accounts being sold, representations by the seller regarding the accuracy and status of these accounts, and the conditions for their sale, such as recourse options and due diligence periods. Key features include an attached exhibit detailing the accounts, the requirement for the seller to confirm the legitimacy of the receivables, and provisions regarding payment handling post-sale. This form is particularly helpful for attorneys, partners, and business owners looking to formalize the sale of outstanding accounts, ensuring clarity and legal compliance. Paralegals and legal assistants can utilize it to manage client transactions effectively, while associates benefit from understanding the contractual obligations involved. Overall, this contract serves as a vital legal tool for any professional engaged in the sale of accounts receivable.
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