Accounts Receivable Contract Format In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract format in Suffolk serves as a legal agreement between a Seller and a Buyer for the sale of outstanding accounts receivable. Key features of the form include the transfer of all rights, title, and interest in the accounts listed in Exhibit 'A', as well as warranties from the Seller regarding the validity and condition of these accounts. Users are required to fill in the names of the parties, account details, and exhibit descriptions, ensuring clarity about payment contingencies and existing disputes. The contract allows Buyers a specified period to conduct due diligence on the accounts, providing a safety net to cancel the agreement if unsatisfied with the findings. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle account sales, as it provides a structured approach to documenting the transfer of receivables and protections against potential defaults. Properly filling out and executing this contract can help mitigate risks associated with unpaid accounts and streamline the collection process.
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