Net Receivable Sales Formula In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable outlines the agreement between a seller and a buyer regarding the sale of outstanding accounts. In this document, the net receivable sales formula in Tarrant serves to calculate the seller's rights to the accounts sold, ensuring all debts owed are collected and transferred accordingly. Key features include a detailed description of the accounts, representations by the seller regarding the validity and status of these accounts, and provisions for inspection and due diligence by the buyer. Instructions for filling out the form emphasize clarity, particularly in listing account details and specifying terms of recourse. The form allows users to cancel the contract if dissatisfied with the accounts within a specified period. This document is particularly useful for attorneys, partners, and business owners looking to formalize accounts receivable sales, paralegals and legal assistants who assist in drafting and reviewing such contracts, ensuring compliance with legal standards and protecting clients' interests.
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