Accounts Receivable Contract With Customer Service In California
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer Service in California outlines the legal framework for the sale of outstanding accounts from a seller to a buyer. Key features include the seller's representation of the accounts, assurance of no future payment contingencies, and clarification of secured and unsecured accounts. The contract allows for a specified inspection period for the buyer to evaluate the accounts. It also includes provisions for recourse in the event of defaults, where the buyer can reconvey the accounts to the seller. This form is particularly useful for attorneys, partners, and owners engaged in commercial transactions, as it helps streamline the sale of accounts receivable while safeguarding their legal and financial interests. Legal assistants and paralegals can use this document to facilitate their clients’ transactions, ensuring compliance with California laws and thorough due diligence. Overall, the contract serves as a crucial tool for anyone involved in the sale and management of accounts receivable in California.
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