Accounts Receivable Contract Formula In Middlesex
Category:
State:
Multi-State
County:
Middlesex
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Formula in Middlesex is a legally binding agreement between a seller and buyer regarding the sale of outstanding accounts receivable. This form outlines the seller's obligation to transfer their rights to the accounts listed in the attached exhibit, which includes relevant details like balances and account debtor information. Key features of the form include representations made by the seller about the validity and completeness of the accounts, conditions under which the accounts may be repurchased, and the option for the assignment to be with or without recourse. Users are instructed to fill in specific details such as names, dates, and the nature of accounts, ensuring clarity and compliance with local laws. This contract serves various purposes, making it valuable for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or business operations. It simplifies the process of transferring accounts receivable, lowers risks associated with non-paying accounts, and facilitates due diligence evaluations by the buyer.
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