Accounts Receivable Contract With Customer Service In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer Service in Travis is a legal document that facilitates the sale of outstanding accounts receivable between a seller and a buyer. It outlines the seller's agreement to transfer all rights, title, and interest in specific accounts, as detailed in an attached exhibit. Key features include the seller's representations regarding the accounts, such as their validity and lack of contingent payments, as well as provisions for recourse in case of default. The form includes a due diligence period for the buyer to inspect the accounts, and stipulates that any accounts becoming defaulted after the sale will need to be repurchased by the seller upon demand. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, as it provides a structured approach to handle accounts receivable sales and protect the interests of both parties. Its clarity simplifies complex legal terms, making it accessible for users with limited legal experience, while ensuring compliance with relevant laws and practices.
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