Accounts Receivable Contract With Credit Card In Minnesota
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Credit Card in Minnesota outlines the sale and assignment of accounts receivable from Seller to Buyer. Key features include the Seller's representations about the validity of the accounts, the stipulation that no payments are contingent on future deliveries, and the conditions regarding secured and unsecured accounts. The form also allows a specified period for Buyer to conduct due diligence on the accounts and to cancel the contract if unsatisfied. This contract is useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to transferring accounts receivable, protecting the interests of both parties. Legal professionals can utilize this form to facilitate transactions involving credit card accounts in Minnesota efficiently. The contract's clarity and straightforward language ensure that users with varying legal backgrounds can comprehend and utilize it effectively. Additionally, the form includes provisions for recourse and default, which are essential for safeguarding the financial interests involved in the sale of accounts.
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