Selling Receivables Is Called In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
Selling receivables is called in Philadelphia refers to the legal process and formal agreement involved in transferring accounts receivable from a seller to a buyer. This document, known as the Contract for the Sale of Accounts Receivable, outlines the terms of the sale, including details about the accounts, representations made by the seller, and the conditions under which the accounts are sold. Key features include the identification of the accounts being sold, the seller's assertions regarding the validity of those accounts, and the terms of payment. Filling instructions emphasize the need for accurate details in the attached Exhibit "A" and any contingencies regarding payment or disputes. This form is particularly useful to attorneys, partners, owners, associates, paralegals, and legal assistants who manage commercial transactions, offering a structured approach to ensuring clarity and legality in the selling of accounts. It facilitates due diligence and allows the buyer a limited inspection period to ensure satisfaction with the accounts before finalizing the agreement. Legal professionals can rely on this form to streamline the process of selling receivables while protecting their clients' interests.
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