Accounts Receivable Contract 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 outlines the agreement between a Seller and a Buyer for the sale of rights to outstanding accounts, detailing the accounts listed in an attached exhibit. Key features include the Seller's representations regarding the accounts, such as confirmation that all services or goods have been delivered, and the status of the accounts as either secured or unsecured. The contract stipulates that the Seller must repurchase any accounts in default and allows the Buyer time for inspection and due diligence. Additionally, the agreement will be interpreted under North Carolina law. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured template to facilitate the transfer of accounts receivable while ensuring legal compliance and protecting the interests of both parties involved.
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