Accounts Receivable Contract For Dummies In Michigan
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Dummies in Michigan is a straightforward legal document designed to facilitate the sale of accounts receivable between a seller and a buyer. This contract outlines the rights and interests being sold, specifying the accounts listed in an attached exhibit, including their true balance and the account debtor's information. It establishes the seller's responsibilities, guaranteeing that the accounts are genuine and free from disputes or liens. The form provides options for selling accounts either with or without recourse, allowing flexibility depending on the seller's circumstances. Additionally, the buyer is granted a limited period to inspect the accounts and conduct due diligence before finalizing the agreement. This document is particularly useful for attorneys, business owners, partners, paralegals, and legal assistants as it enables them to manage the financial transactions effectively and legally in the context of accounts receivable. By simplifying complex legalities, this form caters to users with varying levels of legal understanding, enhancing their ability to engage in financial agreements confidently.
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