Accounts Receivable Contract For Deed In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Queens is a legal document facilitating the sale of a seller's accounts receivable to a buyer. This contract enables the seller to transfer their rights and interests in specified accounts, as detailed in an attached exhibit. Key features include seller representations about the accounts' validity, the states of payment, and any contingencies affecting the accounts. The seller also agrees to repurchase any accounts that default, with provisions for buyer inspection and due diligence prior to finalizing the sale. This form aids attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured approach to handling accounts receivable, thereby ensuring clarity and legal protection during transactions. Its use cases include securing immediate cash flow for businesses, structured sales of outstanding invoices, and clear delegations of rights regarding accounts receivable.
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