Accounts Receivable Contract Format In Pennsylvania
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Format in Pennsylvania is a legal document that facilitates the sale of accounts receivable between a seller and a buyer. It outlines the rights, titles, and interests in all accounts listed, ensuring all invoices and money due are transferred. The seller must affirm that the accounts represent all outstanding receivables and that no future contingencies exist. Important aspects include the requirement for an attached exhibit detailing account balances and debtors, as well as provisions for handling defaults. The buyer has a set period to inspect the accounts and may cancel the contract if unsatisfied. The agreement is governed by Pennsylvania law, emphasizing clarity in the transaction process. This contract serves multiple roles, particularly for attorneys, partners, and owners who navigate business transactions or debt collections, as well as paralegals and legal assistants who assist in documentation and compliance. Its structured format supports clear communication and understanding, making it accessible for users with limited legal experience.
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