Selling Receivables Is Called In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
Selling receivables is called in Houston refers to the Contract for the Sale of Accounts Receivable, which facilitates the transfer of a seller's accounts to a buyer. This document outlines the seller's agreement to sell all rights to specified accounts and associated invoices, ensuring the buyer receives all due payments. Key features include seller representations about the accounts, conditions related to payment, and the responsibilities of both parties in case of default. The form provides instructions for filling out specific details such as the buyer and seller information, account details in Exhibit 'A', and clauses that address payment contingencies. It's particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or debt collection, as it offers a clear structure for securing the sale of accounts while managing risk. The form emphasizes due diligence for the buyer, allowing a specified period to inspect the accounts before finalizing the sale. It provides legal protection by ensuring that the sale complies with state laws and outlines consequences for defaults, making it essential for professionals dealing with business transactions in Houston.
Free preview
