Net Receivable Sales Formula In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The contract for the sale of accounts receivable outlines the terms and conditions for selling a seller's rights to their accounts. The net receivable sales formula in Travis can be vital for calculating the total value that a seller is transferring to a buyer, reflecting the total outstanding amounts due. Key features of this form include the representation of existing accounts, the details listed in an attached exhibit, and the conditions regarding contingent payments and possible defenses. Users need to fill in specific details such as account information and the buyer's and seller's identities. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form in various practice areas, such as debt collection or business transactions. The form provides clear instructions on steps to verify the account details, conduct due diligence, and understand the implications of recourse versus non-recourse arrangements. It emphasizes the importance of clarity regarding any liabilities associated with the accounts being sold. Overall, this contract offers a structured approach to transferring receivables while safeguarding the interests of all parties involved.
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