Selling Receivables Is Called In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Contract for the Sale of Accounts Receivable outlines the terms between a Seller and a Buyer regarding the transfer of rights to accounts receivable in Sacramento. This form facilitates the selling of receivables, allowing the Seller to transfer their rights, titles, and interests in outstanding accounts to the Buyer. Key features include buyer's rights to inspect accounts before finalizing the purchase, with a specified period for due diligence. Sellers must provide accurate disclosures regarding account status and conditions, ensuring there are no pending disputes or claims. Filling instructions emphasize clarity in identifying account details on the attached Exhibit "A." The form allows for transactions with or without recourse, providing flexibility based on the seller’s risk profile. This contract is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who handle financial transactions or debt collection processes. It's designed to protect the interests of both parties, ensuring transparency and compliance with local laws, which enhances its utility within the Sacramento legal landscape.
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