Get Memorandum Of Sale And Assignment Of Accounts Receivable

Filling out the memorandum of sale and assignment of accounts receivable is crucial for documenting the sale and transfer of accounts receivable. This guide provides clear, step-by-step instructions to help you complete the form with confidence, whether you are experienced or new to this process.

Follow the steps to fill out the memorandum of sale and assignment of accounts receivable accurately.

1. Press the ‘Get Form’ button to access the document and open it for editing.
2. Enter the account debtor's name and their city and state in the designated fields. This identifies who owes the money represented by the invoice.
3. In the invoice number field, input the unique number assigned to the invoice, which is vital for tracking.
4. Fill in the invoice date, indicating when the invoice was issued.
5. Provide the broker’s reference number, if applicable, as this can assist in processing.
6. In the total invoice amount field, specify the total dollar value of the accounts receivable being assigned.
7. Read the statements under 'For value received' to understand the legal implications of the assignment. Ensure all statements align with your intent and understanding.
8. Verify that all representations and warranties are accurate, confirming that the invoices are due and not subject to disputes.
9. Select the funding instructions by checking the appropriate box and providing necessary details, such as bank name if applicable.
10. Sign the document and include your title, utilizing electronic signatures as acceptable.
11. Finally, ensure to fill in the FedEx tracking number if needed, and review all entries for accuracy before completion.

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