Receivable For Sales In Utah
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable in Utah is a critical document used by businesses to formalize the sale of their outstanding customer invoices to a buyer. This contract ensures the seller transfers their rights to receive payment for these accounts to the buyer while outlining specific conditions, including account details and representations about the seller's financial obligations. Key features of the form include provisions for recourse and inspection periods, allowing buyers to assess the receivables before finalizing the agreement. Users must accurately fill in the attached Exhibit 'A' with details such as account balances, debtor names, and any existing claims against the accounts. Legal professionals—including attorneys, partners, owners, associates, paralegals, and legal assistants—can utilize this form to protect their clients' interests in financial transactions. The clarity of the terms helps in reducing disputes over unpaid receivables. The document emphasizes the buyer's right to cancel the agreement should they find the accounts unsatisfactory within the specified inspection period. Overall, this form is indispensable for streamlining sales of accounts receivable within Utah's legal framework.
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