Selling Receivables Is Called In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The document titled Contract For The Sale Of Accounts Receivable outlines the agreement between a Seller and a Buyer for the sale of accounts receivable in Suffolk. This form facilitates the transfer of all rights, titles, and interests the Seller has in specified accounts, as detailed in an attached Exhibit. It includes essential provisions such as Seller's assurance about the status of the accounts, including their validity and payment status. The form specifies whether the sale is with or without recourse, allowing the Buyer to understand their liabilities. A due diligence period is granted for the Buyer to inspect the accounts before finalizing the transaction. The agreement is governed by the laws of the state indicated. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or debt collection. It provides a straightforward legal framework for selling receivables, ensuring both parties are protected and informed of their rights and obligations.
Free preview
