Accounts Receivable For Sale In Pennsylvania
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a vital document for transferring rights to receivables in Pennsylvania. It defines the agreement between the Seller and Buyer regarding the sale of outstanding accounts, specifying the accounts included in an attached exhibit. Key features of the form include Seller's representations regarding the legitimacy and status of the accounts, including any potential defenses or claims against the accounts. The form also establishes whether the sale is with or without recourse, allowing the Buyer to return accounts in default under certain conditions. Users are provided a specific timeframe for due diligence to assess the accounts before finalizing the purchase. This form is particularly useful for attorneys, partners, and owners involved in business transactions, enabling them to clearly define terms and protect their interests. Paralegals and legal assistants can benefit from guidance on filling out and editing the form, ensuring compliance with state laws. Overall, this document facilitates the smooth transfer of receivables while providing necessary legal protection for both parties.
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