Selling Receivables Is Called In Washington
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable delineates the terms under which sellers can transfer their receivables to buyers in Washington. This process, known as selling receivables, allows businesses to access cash by selling their outstanding invoices. Key features include the seller's representation of the accounts, a detailed listing in an attached exhibit, and the terms of recourse for both parties. Buyers are granted a specified period to conduct due diligence on the accounts before finalizing the purchase. Filling and editing instructions emphasize the importance of accurately completing all details, including account statuses and payment conditions. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in commercial transactions or financial management. It facilitates legal compliance and protects the interests of both buyers and sellers. By using this contract, legal professionals can efficiently draft agreements that meet the specific needs of their clients.
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