Receivable Forward Contract In California
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable forward contract in California is designed to facilitate the sale of accounts receivable between a seller and a buyer. This form outlines the agreement where the seller transfers their rights to all outstanding receivables as detailed in an attached exhibit. Key features include seller representations about the accuracy of the accounts, conditions of payment, and the state of the receivables. Instructions for filling out the form require the user to detail account balances, debtor information, and any potential contingencies. The form is valuable for attorneys, partners, owners, associates, paralegals, and legal assistants seeking to streamline the transfer of receivables, ensuring compliance with state laws. Legal professionals can utilize this document to safeguard their clients' interests, navigate potential disputes, and manage liability concerning receivables. The form allows buyers a period to inspect the accounts before finalizing the sale, providing a layer of protection. Overall, this contract simplifies account management transactions and establishes clear terms for both parties involved.
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