Accounts Receivable Contract With Customer In North Carolina
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer in North Carolina is a legal agreement where the seller transfers their rights to collect outstanding accounts receivable to the buyer. Key features of this contract include a detailed representation of the accounts being sold, including their value, any outstanding balances, debtor information, and terms regarding the accounts' security. Users must ensure that all accounts listed in the attached Exhibit 'A' are accurate and free of disputes. The form allows for inspection and due diligence by the buyer, which is essential for validating the transaction. Additionally, the agreement outlines whether the transfer is with or without recourse, impacting the seller’s liability for unpaid accounts. This contract is particularly useful for attorneys, partners, and business owners looking to solidify their accounts receivable sales legally. Paralegals and legal assistants may find this form beneficial for easing clients through legal documentation processes, ensuring all proper terms are included, and facilitating communication between buyers and sellers.
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