Receivable Forward Contract In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Los Angeles is a legal document designed for the sale of accounts receivable, enabling sellers to transfer their rights to collect on outstanding accounts to buyers. Key features of the contract include a detailed list of accounts being sold, representations by the seller regarding the validity and status of these accounts, and conditions for repurchasing accounts in default. The form allows for flexibility, offering options for recourse and due diligence periods, which grants buyers a specified time to inspect accounts before commitment. Filling out the form requires attention to detail in documenting account specifics and compliance with applicable state laws. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in financial transactions and debt collection. By using this contract, legal professionals can ensure proper transfer of rights, minimize risk, and protect their clients' interests in accounts receivable transactions.
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