Receivable For Sales In Texas

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• Control #: US-00402
• Format: Word; Rich Text

Description

The Contract for the Sale of Accounts Receivable is a legal document used in Texas for transferring ownership of outstanding accounts from a seller to a buyer. This form outlines the seller's agreement to sell all rights to specific accounts, as detailed in an attached exhibit, and includes essential representations about the accounts being sold. Key features of the form include the seller's confirmation of account details, the absence of contingencies on payments, and any existing claims or offsets against those accounts. Users must fill out specifics such as the names of the seller and buyer, account details, and terms regarding recourse. The document allows buyers a defined inspection period to assess the accounts before finalizing the sale. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in asset transactions, as it ensures clarity and protects their interests in business dealings. Its straightforward structure and legal framework provide a reliable tool for managing the sale of accounts receivable in compliance with Texas law.