Net Receivable Sales Formula In Michigan
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable is vital for understanding the net receivable sales formula in Michigan. This form outlines the sale agreement between a seller and a buyer regarding all rights, titles, and interests in specified accounts receivable. Key features include the representation of the seller about outstanding accounts, the requirement to disclose contingent payments, and conditions concerning account defaults. Additionally, the seller agrees to repurchase any accounts that default, and a recourse option is available. Attorneys, partners, and owners can utilize this form to facilitate smooth transactions involving accounts receivable, while paralegals and legal assistants can assist in document preparation and ensure compliance. Clear filling and editing instructions are provided, helping users navigate the necessary details. This contract serves as an essential tool in the business landscape for managing receivables efficiently.
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