Accounts Receivable Contract For Services In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Services in Santa Clara facilitates the sale of accounts receivable between a seller and buyer. This contract enables the seller to transfer their rights to outstanding invoices and payments owed, ensuring a clear agreement on the accounts listed in Exhibit 'A'. Key features include seller representations regarding the validity and status of accounts, options for recourse, and a due diligence period for the buyer to inspect the accounts before finalizing the contract. This form is vital for legal professionals as it simplifies the process for clients seeking to manage cash flow through account sales. Attorneys, partners, owners, associates, paralegals, and legal assistants benefit from this contract by having a clear, standardized template to ensure all necessary elements are included in the transaction. Proper completion and understanding of this contract lessen the risks of disputes while promoting an efficient transfer of receivables. Overall, the document serves as a critical tool in defining the rights and obligations of both parties involved in the accounts receivable transaction.
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