Accounts Receivable Contract With Customer In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer in Santa Clara is a legal document between a seller and a buyer that outlines the sale of the seller's rights to accounts receivable. Key features include the agreement to sell all rights and titles to specified accounts, representation by the seller of the accuracy and completeness of the accounts, and provisions regarding recourse in case of default. The contract requires the seller to provide details such as account balances, debtor information, and any relevant contingencies or security interests. It allows the buyer a specific time frame to inspect the accounts and to verify their validity before finalizing the purchase. Additionally, it stipulates that funds received post-agreement will be transferred to the buyer and enables the seller to repurchase any accounts that fall into default. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a clear structure for transactions involving accounts receivable. By using this form, the target audience can ensure compliance with state laws, promote transparency in financial dealings, and minimize risks associated with account defaults.
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