Accounts Receivable Contract With Customer In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer in Montgomery is a legal document facilitating the sale of accounts receivable from a seller to a buyer. This contract includes the seller's agreement to transfer their rights, title, and interest in specified accounts as detailed in an attached exhibit. Key features of the contract include seller representations regarding the accounts' status, potential contingencies, and the absence of claims or defenses against the accounts sold. Also, it outlines the recourse or non-recourse nature of the assignment, allowing the buyer to conduct due diligence within a specified timeframe. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a comprehensive template to ensure clarity and compliance when drafting contracts related to accounts receivable. It assists in safeguarding the buyer's interests by providing explicit conditions under which accounts can be repurchased and takes into account state-specific legal considerations for enforceability.
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