Receivable From Sale In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The form titled Contract for the Sale of Accounts Receivable is designed for the transaction of receivables in Kings. It outlines the agreement between a seller and a buyer regarding the sale of outstanding accounts represented in an attached exhibit. Key features include the seller's representations about the accounts, such as their value and the absence of contingencies. Users must fill in specific details, including the names of the seller and buyer, and the account details in Exhibit "A". The form also allows for inspection and due diligence of the accounts by the buyer, providing a safeguard before finalizing the sale. It offers the option for accounts to be sold with or without recourse, a detail that affects the seller's liability after the sale. This contract is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants looking to formalize the sale of accounts receivable while ensuring both parties' rights and obligations are clearly defined. The form emphasizes transparency and due diligence, promoting confidence in the transaction.
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