Accounts Receivable Contract For Dummies In California

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• Control #: US-00402
• Format: Word; Rich Text

Description

The Accounts Receivable Contract for Dummies in California is designed to facilitate the sale of outstanding accounts between a seller and a buyer. This contract outlines the seller's agreement to transfer all rights to the accounts listed in an attached exhibit, ensuring that the buyer can collect payments directly. Key features include seller representations regarding the accuracy of account balances, the absence of contingent payments, and clarifications on any potential defenses or offsets. It provides instructions for both buyers and sellers, mentioning the option for the sale to be with or without recourse to the seller. Users are advised to inspect the accounts within a specified timeframe, allowing for cancellation without further obligation if unsatisfied. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants by simplifying the contract creation process, ensuring compliance with California law, and clarifying rights and responsibilities regarding accounts receivable transactions.