Receivable Forward Contract In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Suffolk enables a seller to transfer all rights, title, and interest in their accounts receivable to a buyer. Key features include a detailed representation of account details listed in an attached exhibit, assurances about the accounts’ status, and conditions related to recourse. Users are guided through filling out seller and buyer information and asserting the condition of accounts, such as their outstanding nature and whether they are secured. This contract allows buyers a specific time frame to inspect the accounts for satisfaction before finalizing the agreement. It serves various use cases relevant to attorneys, partners, owners, associates, paralegals, and legal assistants, especially when they need to facilitate the sale of accounts receivable securely. With clear clauses outlining responsibilities and conditions, the form offers a structured template for ensuring legal compliance and protection during financial transactions.
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