Days Of Sales Receivables In Illinois
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Days of Sales Receivables in Illinois form is designed for the sale of accounts receivable between a seller and a buyer. The document outlines the seller's agreement to transfer their right, title, and interest in specified accounts, as detailed in an attached exhibit. Key features include a representation of the accounts as all outstanding sales, unconditional payment terms, and the obligation of the seller to repurchase any accounts that default. Users must complete sections on account details, identify any contested accounts, and specify if the sale is with or without recourse. It offers a listing of account status and obligations, ensuring clarity in the transaction. This form is particularly useful for attorneys, partners, and owners involved in financial transactions, as well as associates, paralegals, and legal assistants tasked with documenting and managing sales receivables. The clear structure and straightforward language facilitate ease of use for individuals at various levels of legal experience.
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