Financial

Use this Purchase Agreement to transfer a mortgage and promissory note from one lender to another.

• The agreement is conditional upon the buyer obtaining adequate funds to finance the purchase.
• The buyer will pay for all closing costs, including report and appraisal fees, title examination and insurance.
• If the seller cancels the agreement prior to closing, the seller must pay a cancellation fee, plus any costs incurred by the buyer.
• The seller indemnifies the buyer against any liability or expense arising from any inaccuracy or breach of any warranty or representation made by the seller.
• The seller sells and assigns the note and mortgage without recourse, and the seller assumes no responsibility or liability with respect to the mortgagor's financial performance.
• Available in MS Word format.
• The form can be used throughout the United States.

If you are selling a real estate property and allowing the buyer to pay the purchase price over time, make sure the buyer signs this Purchase Money Promissory Note.

• Having a signed promissory note in place makes you a secured creditor if the buyer becomes bankrupt or insolvent.
• The buyer will pay off the balance of the purchase price in regular installments, rather than having to come up with all of the purchase money in order to close the sale.
• The Note contains an acceleration clause, meaning if the maker defaults in a payment, the entire balance together with interest becomes immediately due and payable.
• Get the Purchase Money Promissory Note signed at the same time that the other documents for the real estate purchase are executed by the buyer.

Set up a Qualified Settlement Funds Trust under U.S. bankruptcy laws with this downloadable template.

• This is an irrevocable trust that cannot be revoked once it is established.
• A QSF trust is created under Section 468B of the Internal Revenue Code, following the filing of a Chapter 11 bankruptcy petition by a debtor.
• A trustee is appointed to hold the assets and proceeds of the debtor until such time as the trustee settles with the creditors.
• This form of trust allows the debtor to liquidate appreciated assets, pay the proceeds into trust for the benefit of the creditors and take a current income tax deduction for the payment.
• Available in MS Word format.
• Governed by the laws of the United States.

Sell furniture, equipment and other chattels with this Quitclaim Bill of Sale form.

• The chattels are being sold to the buyer subject to any existing liens or encumbrances.
• The seller does not give any warranties with respect to the items being sold.
• The goods are being sold AS IS, WHERE IS.
• A Quitclaim Bill of Sale is used to transfer a number of items, often as part of a larger transaction, such as the sale of a business.

You can download the Quitclaim Bill of Sale form, print it, fill it in and sign it in just a few minutes.

Prepare a Real Estate Investment Management Agreement with this easy-to-use template for the USA.

• The two parties to the Agreement are a real estate investment trust which holds a variety of mortgages, properties and investments, and a management firm which will manage the assets and investment portfolio.
• The management firm will be responsible for purchasing loans, investing funds, loan servicing, underwriting, appraisals, and other administrative duties.
• The Agreement is not State-specific and can be used throughout the United States.
• Available as a downloadable MS Word document, fully editable to meet your specific needs.

Did you know that if you have an auto accident and your insurance company negotiates a settlement with the other party, they may still have the right to take legal action against you? Protect yourself with this Release and Reservation of Rights form.

• You should get this release signed at the same time that the insurer pays out the settlement to the other party.
• The releasing party acknowledges that they are accepting the settlement payment as a full settlement of all claims.
• The releasing party releases and indemnifies you and your insurance company from any further claims, damages, and actions arising out of the automobile accident.
• The releasing party reserves their right to make a claim against any other person.
• The Release and Reservation of Rights form is available as a MS Word download. Other formats available on request.

Renounce your interest in a fixture which was used as collateral for a loan or credit facility with this easy-to-use form for Canadian lenders.

• This form of notice is given by a secured party to give up its security interest in a defaulting debtor's fixture after the outstanding debt has been paid by another party who also has an interest in the fixture (such as a landlord).
• This form can be used in any Canadian province or territory.
• The form is a downloadable Microsoft Word document.

Renounce your rights in assets you used as collateral for a loan with this Renunciation of Rights in Collateral form, for use in Canada.

• The Notice is given by a defaulting debtor to the lender who has a security interest in the assets..
• The debtor renounces all rights it has in the collateral, and turns the collateral over to the lender, as secured party.
• This form can be used in any Canadian province or territory.
• The Canada Renunciation of Rights in Collateral template is a downloadable Microsoft Word document.

Request a credit reference for a new corporate customer with this easy-to-use template form.

• The form consists of a cover letter to a supplier that already provides credit facilities to the customer and an information sheet to be filled in by the supplier and returned to you.
• Ask for credit references from several suppliers which already deal with your customer.
• The responses you receive will help you determine what the creditworthiness of the customer is, and decide whether or not to extend credit facilities.
• You can re-use the Request for Credit Reference form, edit it as you like, and tailor it for your business.
• This generic MS Word template can be used anywhere.

Sign up a client for your accounting services with this easy-to-use Retainer Agreement template.

• The Retainer Agreement contains standard terms such as:
  • The services to be provided by the accountant.
  • The accountant's billing rate and terms of payment.
  • Independent contractor provision which clarifies that the accountant is not an employee of the client.
  • Prevailing party clause to cover recovery of legal fees in the event of legal action by either party.
• The accountant is responsible for paying his/her own taxes.
• This is a generic contract template which can be used practically anywhere.
• Available in MS Word format and fully customizable.