Accounts Receivable Contract For Services In Utah
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Services in Utah is a vital legal document used to formalize the sale of accounts receivable from a seller to a buyer. This contract outlines the seller's agreement to transfer ownership of their outstanding accounts and all related rights and invoices as detailed in an attached exhibit. Key features include representations made by the seller regarding the authenticity and status of the accounts, inspection rights for the buyer, and provisions for recourse in case of account defaults. The contract further clarifies that no payments are contingent upon future services and identifies any potential defenses or offsets related to the accounts. For the target audience, including attorneys, partners, and legal assistants, this form facilitates efficient transactions by providing clear terms and conditions that protect both parties. It serves various use cases, such as debt recovery, financing arrangements, or the sale of business assets, ensuring all parties understand their rights and obligations. Users are encouraged to thoroughly review and edit the form to meet specific needs before execution.
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