Accounts Receivable Contract Format In Ohio
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Format in Ohio is a legal document outlining the terms under which a seller agrees to sell their accounts receivable to a buyer. Key features of this contract include a detailed list of accounts in Exhibit 'A', representations by the seller regarding the accounts' validity and status, and options for recourse in case of defaults. The form instructs the seller to affirm the completeness of accounts and any associated liens or security interests. Buyers are given a specified period to inspect the accounts, ensuring satisfaction before the transaction is final. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear and structured approach to account transfers, facilitating smoother business dealings and ensuring compliance with Ohio laws. By adhering to this contract format, users can mitigate risks associated with the sale of receivables, making it an essential tool in financial transactions.
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