Receivable For Sales In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable for Sales in Cook is a detailed legal document designed for the sale of accounts receivable between a seller and a buyer. It outlines the conditions under which the seller transfers their rights to specified accounts, including all associated invoices and future payments. Key features of the form include the seller's representations about the accounts, such as their completeness and any existing contingencies. It outlines obligations regarding payment collection and the conditions for inspection of accounts by the buyer. This document is useful for attorneys, partners, and owners seeking to formalize sales transactions while protecting their rights and interests. Paralegals and legal assistants can benefit from the structured nature of the form, ensuring compliance with legal standards. The simplicity of the language allows users with limited legal knowledge to understand the terms clearly. Its provisions about recourse and default provide additional security, making it a relevant tool for business transactions involving accounts receivable in Cook.
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