Selling Receivables Is Called In San Antonio
Category:
State:
Multi-State
City:
San Antonio
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a crucial document used for formalizing the sale of outstanding accounts from a seller to a buyer. Specifically, in San Antonio, selling receivables is referred to as this process, which involves transferring all rights, titles, and interests in specified accounts as outlined in Exhibit 'A'. Key features include the seller's representation ensuring that all accounts are valid and uncontested, as well as the terms regarding potential recourse or defaults of the accounts sold. Users must fill in key details like the buyer and seller names, account specifics, and any contingencies related to payments. Attorneys, partners, and legal assistants will find this form essential when structuring financing deals or managing collections for businesses. The form allows for due diligence, offering buyers a designated inspection period to review accounts, thus promoting accountability and transparency in the transaction. Additionally, it enables legal professionals to navigate the specifics of account sales while ensuring compliance with local laws applicable in Texas.
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