Receivable From Sale In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal agreement between a seller and a buyer regarding the transfer of accounts receivable. This form outlines essential terms such as the rights and interests being sold, detailing the accounts on the attached Exhibit A. It requires the seller to confirm that these accounts represent all outstanding receivables from sales and that no future payment contingencies or disputes exist. Additionally, the form stipulates whether the sale is with or without recourse, meaning whether the seller must repurchase any accounts that go into default. This contract serves as a protective measure for buyers, allowing them to inspect the accounts within a specified time frame and cancel the agreement if unsatisfied. Target audiences including attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form for various situations, such as facilitating business acquisitions or reorganizations, ensuring clarity in receivables transactions, and protecting their interests in commercial relationships. Accurate completion and understanding of this contract can aid in legal compliance and minimize potential disputes.
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