Receivable Forward Contract In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Riverside is a legal document designed for the sale of accounts receivable between a seller and buyer. Key features of this contract include the seller's agreement to transfer all rights to the specified accounts listed in an attached exhibit, along with the corresponding invoices and other relevant rights. It ensures that the seller represents the authenticity of the accounts and stipulates that payments are not contingent on future services. The contract outlines whether the assignment is with or without recourse, detailing the circumstances under which a buyer can reconvene accounts that default. Additionally, it gives the buyer a specified period for due diligence to inspect the accounts before finalizing the agreement. The utility of this form is significant for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured way to formalize financial transactions while protecting the interests of both parties involved in the sale. The clear instructions and sections help users, regardless of legal experience, to navigate the complexities of such financial agreements effectively.
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