Receivable Contract With America In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with America in Nassau is designed for the sale of accounts receivable between a Seller and a Buyer. This form outlines the Seller’s agreement to sell their rights in specified accounts, detailed in an attached exhibit, to the Buyer for valuable consideration. Key features include Seller representations about the validity and status of the accounts, confirmation that no contingency or defenses exist, and the conditions for repurchase in case of defaults. Filling instructions require sellers to disclose account details, including balances and addresses of debtors, while buyers are granted a limited inspection period for due diligence. This contract is essential for attorneys, partners, owners, associates, paralegals, and legal assistants, as it facilitates the straightforward sale of accounts receivable, mitigates risks for buyers, and ensures compliance with local laws applicable in Nassau. It enables legal professionals to provide clear guidance to clients about their rights, responsibilities, and potential liabilities in receivable transactions.
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