Receivable Forward Contract In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Salt Lake is a legal agreement between a Seller and a Buyer regarding the sale of accounts receivable. This contract clearly delineates the rights and obligations of both parties, emphasizing the transfer of ownership of the accounts listed in the attached Exhibit 'A'. Key features include representations made by the Seller about the accounts, such as ensuring that they are all outstanding and properly recorded, along with stipulations regarding any defenses or claims against the accounts. It also specifies the terms of payment collection and recourse for unpaid accounts. Filling and editing instructions involve ensuring accurate completion of the addresses, account details, and inspection period. For attorneys, partners, and owners, this form aids in formalizing financial transactions and protecting interests in receivables. Paralegals and legal assistants can use it to manage negotiations and documentation, while associates may find it important for client counseling regarding debt sales. Overall, this form is vital for all parties in the financial and legal sectors involved in receivable transactions.
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