Receivable Forward Contract In Utah
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Forward Contract in Utah is an essential legal document designed for the sale of accounts receivable between a seller and a buyer. This contract outlines the seller's agreement to transfer their rights and interests in specified outstanding accounts to the buyer. Key features of the contract include the seller's representations about the validity and status of the accounts, the conditions regarding payment and delivery of services, and the provisions for recourse if the accounts default. When filling out the form, users must carefully complete sections detailing the accounts being sold, disclose any contingent payments or disputes, and specify whether the sale is with or without recourse. The targeted audience for this form includes attorneys, partners, owners, associates, paralegals, and legal assistants who may require it for facilitating transactions involving debt collection or asset management. Understanding this form can help legal professionals navigate the complexities of financial agreements and ensure compliance with applicable laws in Utah.
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