Accounts Receivable For Sale In Michigan
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document designed specifically for the sale of accounts receivable in Michigan. This contract outlines the agreement between the seller and the buyer, detailing the seller's commitment to transfer all rights, titles, and interests in specified accounts along with related invoices and payments due. Key features include seller representations on the validity of the accounts, any related security interests, and the condition that no defenses or counterclaims exist against the accounts being sold. The contract allows for an inspection period for the buyer, permitting them to conduct due diligence before finalizing the purchase. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need a structured agreement for financial transactions involving accounts receivable. It provides clarity on obligations, helps prevent future disputes, and simplifies the assignment process, making it an essential tool for professionals in the legal and financial sectors.
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