Receivable Forward Contract In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Montgomery is a legally binding agreement that facilitates the sale of accounts receivable between a seller and a buyer. This contract outlines key components, including the seller's obligation to transfer all rights to specified accounts, detailed in an attached exhibit. Essential representations by the seller ensure that the accounts are valid, not contested, and free from liens or security interests. Notably, the form includes provisions for the inspection period allowing the buyer to evaluate the accounts, with an option to cancel if unsatisfied. The agreement clarifies whether the sale is with or without recourse, impacting the buyer's rights regarding defaulted accounts. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a framework for effectively managing receivables and mitigating risks associated with account sales. The straightforward language and structure aid users in understanding terms and completing the form accurately, while its enforceable nature supports reliable financial transactions.
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