Account Receivable Sales Formula In North Carolina
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a key document facilitating the transfer of accounts from a seller to a buyer in North Carolina. This form outlines the seller's agreements to sell all rights, titles, and interests in specified accounts, including all associated invoices and any potential money due. The seller must also assert that the accounts are valid, represent all outstanding debts, and have not been settled or contested except as specified. Importantly, the assignment can be made with or without recourse, impacting the buyer's rights to seek repayment from the seller in case of default. Filling out this form involves detailing the specific accounts, balance information, and any potential security interests or liabilities. This contract is particularly useful for attorneys, partners, and business owners who may engage in asset sales, as it provides a legal framework for the transaction. Paralegals and legal assistants can assist in drafting and reviewing the form, ensuring compliance with North Carolina laws and protecting their client's interests throughout the process.
Free preview
