Account Receivable Sales Formula In New York
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a crucial document in New York that facilitates the transfer of the seller’s rights and interests in accounts receivable to the buyer. This form outlines key details, including the sale of all outstanding accounts, the assurances provided by the seller regarding the accounts, and the responsibilities of both parties. The document includes an attached Exhibit 'A', which details the specific accounts being sold, their balances, and terms related to payment contingencies. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear, structured contract template for managing the sale of accounts receivable. Users can easily fill in necessary information like parties' names, account details, and conditions for recourse. Additionally, this form allows buyers to undertake due diligence within a specified timeframe, ensuring a transparent transaction process. Overall, this contract is vital for legally secure and efficient accounts receivable management in New York.
Free preview
