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Accounts Receivable - Contract to Sale

Receivable From Sale In Tarrant

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

County:

Tarrant

Control #:

US-00402

Format:

Instant download

Description

The Receivable from Sale in Tarrant form is a structured contract designed for the sale of accounts receivable between a seller and a buyer. It outlines the seller's agreement to transfer ownership of specified accounts, ensuring that all due payments and rights associated with those accounts are included. The form requires the seller to affirm that the accounts are genuine, represent delivered services or goods, and specify the account's details in an attached exhibit. Importantly, it includes representations about the absence of contingencies, defenses, or claims against the accounts being sold. The buyer has a specific period to inspect the accounts and may cancel the contract if unsatisfied. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in transactions concerning receivables, providing clarity on the terms and conditions associated with such sales. By utilizing this form, legal professionals can ensure compliance with state regulations while protecting their clients' interests during the transfer of accounts receivable.

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