Accounts Receivable Contract Formula In Ohio
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable in Ohio provides a structured approach for transferring rights to receivables from one party (Seller) to another (Buyer). Key components include the Seller's affirmation of the validity of the accounts being sold, detailed disclosures about the accounts, and conditions regarding payment and claims. The Seller asserts that the accounts are genuine and free from disputes, with no contingent claims on future deliveries. This contract also stipulates whether the sale is 'with or without recourse,' allowing for clear expectations on the responsibilities of both parties. Potential uses for this form cater to a variety of legal and business professionals, including attorneys who draft the documents, partners executing business sales, owners managing cash flow, and associates assisting with due diligence. Paralegals and legal assistants can use the form for administrative purposes and ensure compliance with state laws. Overall, this form streamlines transactions involving accounts receivable, thereby benefiting involved parties by clarifying terms and expectations.
Free preview
