Accounts Receivable Contract For Deed In Michigan
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Michigan is a legally binding agreement between a Seller and a Buyer regarding the sale of outstanding accounts receivable. It includes essential features such as the assignment of all rights, titles, and interests in specified accounts listed in an attached exhibit. The Seller must provide assurances about the validity of the accounts, including that no payments are contingent on future deliveries and that there are no existing defenses or offsets. A critical aspect of the contract is that the Buyer has a specified period to inspect the accounts and can cancel the contract if unsatisfied. This form can be particularly useful for attorneys, partners, and paralegals in facilitating the transfer of receivables while ensuring compliance with Michigan law. Owners and associates may benefit by using this contract to optimize cash flow and manage debts. Legal assistants can rely on this form to streamline the documentation process, ensuring that all components are included and accurately filled out.
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