Accounts Receivable Contract With Customer In Maryland
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer in Maryland is a legal document that formalizes the sale of a seller's outstanding accounts receivable to a buyer. This contract outlines the rights, titles, and interests being transferred along with detailed representations by the seller regarding the accounts. Key features of the form include the necessity for an attached Exhibit 'A' listing all accounts, provisions for inspection and due diligence by the buyer within a specified timeframe, and agreements regarding recourse in case of defaults. Additionally, the seller's obligation to repurchase defaulted accounts is specified, along with the buyer's rights in such scenarios. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who may need to facilitate transactions involving accounts receivable. It ensures that all parties are clear about their financial rights and obligations, promotes transparency, and minimizes potential disputes over account validity and collection efforts. Filling and editing instructions include accurately completing the exhibit, ensuring all detailed account information is current, and confirming adherence to Maryland laws governing such agreements.
Free preview
