An account stated is a statement between a creditor (the person to whom money is owed) and a debtor (the person who owes) based upon a series of prior transactions that a particular amount is owed to the creditor as of a certain date.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Yes, once both parties agree and sign, it's legally binding. It’s like putting your signature on a promise: you've said what you owe, and now it’s time to keep your word.
Keeping accurate records boils down to documenting everything. Just like keeping a diary, jot down every transaction and any changes along the way to avoid any nasty surprises later.
Absolutely! If the figures don’t add up or there’s a misunderstanding, you can bring it up. It’s best to address it early on, like catching a bump in the road before it becomes a big hill.
While it's always a good idea to have legal eyes on important documents, you can often draft an Account Stated with just a handshake and some clear writing. A bit of caution goes a long way!
Any construction project can use this agreement, from small home renovations to large commercial builds. It’s the go-to choice for when you're doing the legwork and want to keep things clear and straightforward.
It helps contractors by simplifying payment collection. It's like a friendly nod that says, 'Hey, we’ve kept track of what you owe, now let’s settle the score.'
An Account Stated is basically a written agreement between parties that shows a balance due for services rendered. It's like saying, 'This is what we agreed upon, and this is what you owe.'
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Mesa Arizona Cuenta declarada para trabajos de construcción