Accounts Receivable Contract For Deed In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Philadelphia is a legal document facilitating the sale of a seller's accounts receivable to a buyer. It establishes the rights, obligations, and representations of both parties, including details about the accounts listed in an attached exhibit. Key features include the seller's commitment to sell all rights associated with specified accounts, the requirement for seller representations regarding the accounts' status, and conditions related to payments and recourse. The form allows the buyer a specified period to inspect the accounts, ensuring due diligence before finalizing the contract. This contract is essential for legal professionals dealing with asset sales, providing clarity on terms and conditions for both sellers and buyers. Attorneys, paralegals, and legal assistants can use this form to facilitate transactions and protect clients' interests, while owners and partners can ensure they understand the implications of account sales. Overall, it simplifies the process of transferring accounts receivable in compliance with Philadelphia law.
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