Receivable From Sale In Nevada
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable in Nevada serves as a formal agreement between a seller and a buyer regarding the sale of outstanding accounts. Key features include the seller's representation of all accounts being sold, including their status and any potential contingencies or defenses. The form highlights provisions for inspecting the accounts, thereby allowing the buyer a specified time frame to conduct due diligence before finalizing the purchase. It also outlines the recourse options for the buyer should any accounts default after sale. This document is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in financial transactions, as it clarifies the rights and obligations of both parties involved in the sale. Filling out the form requires attention to detail, especially regarding the exhibits and the description of accounts. Legal professionals can utilize this form to facilitate transparent transactions and minimize the risk of future disputes, making it an essential tool for managing accounts receivable in business operations.
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