Receivable From Sale In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is a legal document that outlines the terms under which a seller transfers their rights to specific accounts receivable to a buyer. It stipulates that the seller guarantees the accuracy of the accounts listed, confirms that no payments are contingent on future deliveries, and asserts that no outstanding disputes exist regarding these accounts. The document includes an option for the assignment to be made with or without recourse, allowing the buyer to potentially return accounts that default after purchase. Users have a specified timeframe to review the accounts before finalizing the purchase. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, as it provides clarity on legal rights, obligations, and protections regarding account sales. By facilitating a structured approach to sales of receivables, the form helps ensure all parties are informed and legally protected during the transaction process.
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