Receivable Contract With America In San Jose
Category:
State:
Multi-State
City:
San Jose
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with America in San Jose is a formal agreement where the Seller agrees to sell their rights to accounts receivable to a Buyer. It includes essential details such as the accounts being sold, their true balances, and any contingencies related to payments. The Seller provides representations about the accounts, confirming that all associated goods or services have been delivered and that no payments are contingent on future deliveries. The contract outlines the conditions under which the accounts can be reassigned in case of default, detailing whether the assignment is with or without recourse. Additionally, the Buyer has a certain number of days to inspect the accounts and void the agreement if dissatisfied. This contract is especially useful for attorneys, partners, and owners involved in business transactions, as it provides a structured approach to managing receivables. Paralegals and legal assistants may find it beneficial for preparation and due diligence, while associates can use it as a template for drafting similar agreements. Overall, this legal form ensures clarity and security in receivable sales, protecting both parties' interests.
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