Selling Receivables Is Called In Massachusetts
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
Selling receivables in Massachusetts refers to the transaction where a seller transfers their accounts receivable to a buyer, typically in exchange for immediate cash. The Contract for the Sale of Accounts Receivable outlines the terms of this transfer, ensuring that both parties understand their rights and obligations. Key features include the specification of accounts being sold, representations by the seller about the accounts' validity, and provisions for recourse in case of default. Users must complete all relevant fields, including account details and inspection periods, to ensure a legally binding agreement. The form is particularly useful for attorneys who advise clients on asset management, partners and owners looking to improve cash flow, and paralegals or legal assistants who facilitate transactions. This document streamlines the process, making it clear for users with varying degrees of legal experience. Additional instructions can guide users through the filling and editing process, ensuring accurate and efficient completion.
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