Receivable Forward Contract In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Houston is a formal agreement between a seller and a buyer regarding the sale of accounts receivable. This contract outlines the seller's transfer of all rights and interests in specified accounts, as detailed in the attached Exhibit 'A'. Key features include seller representations confirming the legitimacy of the accounts, the absence of disputes, and the terms of payment. Users must fill in specific details such as the seller and buyer names, account information, and dates. It also allows for a due diligence period where the buyer can inspect the accounts before finalizing the agreement. This form is beneficial for attorneys, partners, and business owners involved in the sale or transfer of receivables, providing them with a clear and legally binding framework to protect their interests. Paralegals and legal assistants can use this contract to assist clients in drafting and reviewing transactions efficiently. The form encourages clarity and straightforward terms, making it accessible for all users, regardless of their legal expertise.
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