Accounts Receivable For Sale In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The document titled Contract for the Sale of Accounts Receivable facilitates the sale of accounts by a seller to a buyer, specifically addressing accounts receivable for sale in Oakland. It outlines essential details such as the seller's representation regarding the accounts, which must reflect all outstanding balances and confirm the absence of disputes or offsets. The contract includes provisions for due diligence, allowing the buyer a specified number of days to inspect the accounts before finalizing the sale. It also states the terms of recourse, indicating whether the buyer can seek repayment from the seller for defaulted accounts. Key features include the representation of delivered goods or services and the agreement regarding the delivery of funds received after a certain date. Legal professionals such as attorneys and paralegals will find this form useful for structuring clear agreements, ensuring due diligence, and mitigating risks associated with defaulted accounts. Owners and partners can utilize this document to efficiently manage financial transactions while ensuring compliance with state laws. This form supports legal associates and assistants in maintaining transparency and protecting client interests during the sales process.
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