Receivable Contract With America In San Bernardino

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

Description

The Receivable Contract with America in San Bernardino is a legal document that outlines the sale of accounts receivable from a Seller to a Buyer. It contains key features such as the transfer of all rights related to the accounts listed in an attached exhibit and ensures that the accounts are valid and free from disputes. The Seller must guarantee the completeness and legitimacy of the accounts, stating that all goods and services have been delivered prior to the sale, and any liabilities must be disclosed. The contract includes provisions for inspecting the accounts within a designated timeframe, allowing the Buyer to cancel the contract if unsatisfied. Notably, the assignment can be with or without recourse, detailing the circumstances under which the Seller may need to repurchase any defaulted accounts. This form is valuable for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for creating legally binding agreements regarding the sale of receivables, ensuring compliance with state laws and protecting the interests of both parties.