Accounts Receivable Contract With Payment Processing In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Payment Processing in Houston is a legal document that facilitates the sale of accounts receivable from a seller to a buyer. It outlines the rights and interests being transferred, including all listed accounts and associated invoices. Key features include seller representations regarding the accounts, such as the absence of contingent payments and any outstanding disputes. The contract also stipulates the terms for recourse, allowing the buyer to reconvey defaulted accounts while ensuring buyer protection with a due diligence period. Filling out the contract requires careful attention to the details in attached schedules, such as Exhibit 'A', which lists account balances and debtor information. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to formalize the transfer of accounts receivable, ensuring clarity and legal compliance in financial transactions relevant to Houston's business environment. By using this contract, users can streamline payment processing and mitigate risks associated with receivables management.
Free preview
