Accounts Receivable Purchase Agreement

State:
Multi-State
Control #:
US-1661SB
Format:
Word; 
Rich Text
Instant download

Description

With regard to the collection part of this form agreement, the Federal Fair Debt Collection Practices Act prohibits harassment or abuse in collecting a debt such as threatening violence, use of obscene or profane language, publishing lists of debtors who An Agreement for Sale and Purchase of Accounts Receivable is a contract between a seller and a purchaser of accounts receivable. It specifies the terms under which the seller agrees to transfer ownership of its accounts receivable to the purchaser. This agreement typically includes the purchase price of the accounts receivable, the length of the contract, and any conditions that must be met by either party for the sale and purchase to be completed. The agreement also outlines the process for transferring ownership of the accounts receivable, as well as any other relevant details, such as the seller's right to collect payments on the accounts receivable. There are two main types of Agreement for Sale and Purchase of Accounts Receivable: recourse and non-recourse. A recourse agreement allows the purchaser to seek compensation from the seller if the accounts receivable are not paid. A non-recourse agreement, on the other hand, does not allow the purchaser to seek compensation from the seller in the event of non-payment.

An Agreement for Sale and Purchase of Accounts Receivable is a contract between a seller and a purchaser of accounts receivable. It specifies the terms under which the seller agrees to transfer ownership of its accounts receivable to the purchaser. This agreement typically includes the purchase price of the accounts receivable, the length of the contract, and any conditions that must be met by either party for the sale and purchase to be completed. The agreement also outlines the process for transferring ownership of the accounts receivable, as well as any other relevant details, such as the seller's right to collect payments on the accounts receivable. There are two main types of Agreement for Sale and Purchase of Accounts Receivable: recourse and non-recourse. A recourse agreement allows the purchaser to seek compensation from the seller if the accounts receivable are not paid. A non-recourse agreement, on the other hand, does not allow the purchaser to seek compensation from the seller in the event of non-payment.

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Accounts Receivable Purchase Agreement