Accounts Receivable Contract For Services In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Services in Fulton is a legal agreement wherein the Seller agrees to transfer their rights to specific accounts receivable to the Buyer. Key features include the seller's declaration of ownership of the accounts, terms regarding payment contingencies, and representation of the accounts' status, detailing if they are secured or contested. The contract enables the Buyer to perform due diligence and outlines the timeframe for inspection before commitment. Specific use cases for this form are highly relevant to attorneys, partners, owners, associates, paralegals, and legal assistants engaged in financial or service-oriented transactions. It aids in formalizing accounts transfers while protecting both parties' interests, ensuring clarity on payment processes and recourse options. Additionally, the contract stipulates obligations, such as the Seller's agreement to repurchase defaulted accounts if necessary, making it a comprehensive tool for managing business transactions.
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