Account Receivable Sales Formula In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal form designed for Sellers to transfer their rights and interests in specific accounts to Buyers. It includes provisions for the sale of accounts, representations by the Seller, and conditions regarding the status of the accounts. Key features of the form include the requirement for Sellers to provide a list of accounts, confirm that payments are not contingent upon future deliveries, and assure that there are no existing claims or offsets against the accounts. The form also stipulates whether the sale is with or without recourse, which impacts the Buyer's rights to reconvey accounts in default. Filling instructions emphasize thoroughness; users must properly complete sections detailing account balances and any contingencies. This contract is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants involved in receivables management, debt collection, or financial transactions. The structure promotes clarity, ensuring that all legal parties understand their rights and obligations.
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