Common use of Purchase of Contracts Clause in Contracts

Purchase of Contracts. Each purchase shall be subject to the following terms and conditions: (a) agreement of the price by UMC and Provider for the Contract (“Purchase Price”); (b) Provider’s execution and delivery to UMC of a Completion Statement, Bill of Sale and Assignment (collectively, “Assignment”) form, which shall include a warranty that the services financed by Provider have been competently performed, or delivery of the services have commenced, within thirty (30) days of the date of the Contract; (c) delivery of the signed Contract and any other required supporting documentation (e.g. copy of government-issued photo identification, proof of income) to UMC; and (d) delivery to UMC of a copy of Provider’s physician license in good standing.