The Accounts Receivable Contract for dummies in Houston is a straightforward legal document designed for the sale of accounts receivable between a seller and a buyer. This contract outlines the rights and obligations of both parties regarding the accounts listed in an attached exhibit. Key features include seller representations confirming the accounts' legitimacy and the absence of contingencies or offsets. It also specifies the recourse options available to the buyer, allowing for reconveyance if accounts default. Filling out the form involves inserting names, dates, and account details in the designated spaces. Users are advised to conduct due diligence and may withdraw if unsatisfied within a specified time frame. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in transactional law, providing a clear framework for account sales with legal safeguards. Understanding and using this form effectively can enhance professional transactions and mitigate risks.