Accounts Receivable Contract For Deed In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Deed in Wayne outlines the agreement between a Seller and a Buyer regarding the sale of outstanding accounts receivable. The form specifies that the Seller transfers all rights, titles, and interests in the listed accounts to the Buyer, which includes all related invoices and dues. Key features include representations made by the Seller regarding the accounts' legitimacy, their status as secure or unsecured, and assurance that the accounts are not contested. It also allows the Buyer a specific number of days to inspect and assess the accounts before finalizing the contract, including an option to cancel if dissatisfied. This contract is particularly useful for attorneys and paralegals who assist clients with due diligence in account sales, as well as for business owners and associates involved in managing and selling receivables. Legal assistants may find the form helpful to aid in preparation and documentation, ensuring all legal requirements are met for the transaction.
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