Receivable Forward Contract In Middlesex
Category:
State:
Multi-State
County:
Middlesex
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Middlesex is a crucial legal document facilitating the sale of accounts receivable between a seller and a buyer. This contract outlines the specifics of the accounts being sold, including the representation that all accounts are valid, unsatisfied, and free of disputes. Notable features include detailed seller representations about the accounts, the option for recourse, inspection rights for the buyer, and clear timelines for due diligence. Filling instructions emphasize the need to accurately list all outstanding accounts along with pertinent details. It is vital for users to clearly understand their rights and obligations, including recourse options if accounts default. This form is particularly useful for attorneys advising clients on account sales, partners managing intra-business transactions, owners looking to improve cash flow, and legal assistants needing to ensure proper documentation. Additionally, paralegals can support their firms by helping clients navigate the complexities of account assignments through this contract.
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