Receivable Contract With America In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with America in Queens is a formal agreement between a seller and a buyer regarding the sale of accounts receivable, which includes all associated rights and dues. This document outlines the seller's obligations to provide a full account of their debts as well as confirms that all accounts listed are legitimate and uncontested. Key features include provisions for representations by the seller concerning the status of the accounts, conditions for recourse, and a due diligence period for the buyer to inspect the accounts before finalizing the agreement. Legal professionals, including attorneys and paralegals, will find this contract useful for facilitating transactions involving accounts receivable while ensuring compliance with applicable laws. Owners and partners may utilize the form to secure funding by selling outstanding receivables, thus improving cash flow. Additionally, associates can benefit from learning how to structure such contracts effectively, while legal assistants can use the document as a template for preparing similar agreements. The contract also addresses recourse options and the process for returning accounts that may default, making it a comprehensive tool for financial management in business transactions.
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