Accounts Receivable Contract With Customer In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer in Oakland serves as a formal agreement between a seller and buyer regarding the sale of accounts receivable. This contract outlines the seller's commitment to transfer all rights to specific accounts, detailed in an attached exhibit, ensuring that the buyer understands the nature and status of these accounts. Key features include seller representations regarding the accounts, such as their completeness, absence of contingencies, and details on security interests. The form allows for an inspection period, enabling the buyer to assess the accounts prior to finalizing the purchase. Users should note the option to sell accounts with or without recourse, depending on the parties’ agreement on handling defaults. Filling and editing instructions emphasize accuracy in representing account details and legal compliance under relevant state laws, specifically for Oakland, California. This contract is particularly useful for attorneys, partners, and legal assistants involved in commercial transactions, as well as business owners looking to streamline cash flow through the sale of receivables. Paralegals and associates can benefit from the thorough definitions and clear structure, ensuring proper documentation and legal protections.
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