Receivable From Sale In Utah
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal form used in Utah for transferring ownership of accounts receivable from a seller to a buyer. Key features include the seller's obligations to provide a list of accounts on an attached exhibit, representations about the accounts' status, and warranties regarding any liens or disputes. The buyer is granted a designated period to inspect the accounts before finalizing the sale, allowing for due diligence. Important instructions on filling out the form include ensuring accurate account balances, documenting any contested accounts, and specifying whether the sale is with or without recourse. This form is particularly useful for attorneys and legal assistants involved in commercial transactions, partners and owners managing business sales, and paralegals assisting with documentation. The clarity and specificity of the form are essential for ensuring that all parties understand their rights and obligations in the sale of receivables.
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