Accounts Receivable Contract Formula In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Formula in Wake is a legal document that facilitates the sale of accounts receivable between a seller and a buyer. This contract outlines the terms under which the seller agrees to transfer their rights and interests in outstanding invoices to the buyer, including all money due. Key features of the form include representations by the seller regarding the status and conditions of the accounts, a detailed exhibit listing the accounts, and clauses concerning recourse and inspection rights for the buyer. Users must fill in essential details such as names, dates, and account specifics accurately. The form allows buyers a certain period to conduct due diligence before finalizing the transaction. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in commercial transactions, ensuring legal compliance and protecting clients' interests while streamlining the accounts receivable sales process.
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