Receivable Forward Contract In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Pima is a legal document that facilitates the sale of accounts receivable from a seller to a buyer. This contract outlines the seller's right, title, and interest in the listed accounts and ensures that all requirements are met before the transfer occurs. Key features include the seller's affirmation of account validity, a representation of the account balances, and stipulations regarding future payments. The form also addresses contingencies related to payment and specifies whether the assignment is with or without recourse. For targeted users like attorneys, partners, owners, associates, paralegals, and legal assistants, this form streamlines the process of securing cash flows by selling receivables, minimizing risk through comprehensive representations, and allowing potential due diligence periods for buyers. The form can serve as a protective legal instrument to ensure compliance and protect interests before finalizing sales of accounts.
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