Agreement Receivable Statement Format In Contra Costa

State:
Multi-State
County:
Contra Costa
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

The Agreement receivable statement format in Contra Costa is a detailed legal document established between a Factor, a financial entity, and a Client, a business that sells goods on credit. This agreement outlines the terms under which the Factor purchases the Client's accounts receivable, providing the Client with immediate funds while transferring the risk of customer insolvency to the Factor. Key features include the assignment of accounts receivable, credit approval processes, and detailed instructions for invoicing and collecting accounts. The form also specifies conditions under which the Factor can take action on contested accounts and includes provisions for interests, fees, and the necessity for ongoing financial reporting from the Client to the Factor. For attorneys, partners, owners, associates, paralegals, and legal assistants, this document is vital for facilitating cash flow, managing credit risks, and ensuring compliance with legal standards of receivables trading. Proper filling and editing ensure clarity in financial obligations and responsibilities, aiding legal professionals in advising their clients on best practices.
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FAQ

(1) File a motion to compel a further response. (2) File a motion for an order preventing the noncomplying party from presenting evidence on issues that should have been covered in the declaration of disclosure.

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The FL-141 form is used during divorce proceedings in California to officially declare that a Preliminary or Final Declaration of Disclosure, along with an Income and Expense Declaration, has been served to the other party, ensuring both parties have exchanged essential financial information as required by law.

A brief review of the forms and what you do with each: FL-140: Only served on your spouse. FL-141 (this form): Filed with the court AND served on your spouse.

To give your preliminary or final declaration of disclosure to your spouse or domestic partner, you must have it served in person or by mail. This means that someone, NOT you, 18 or older delivers or mails the Declaration of Disclosure (Form FL-140) and attachments to your spouse or domestic partner.

Declaration Regarding Service of Declaration of Disclosure and Income and Expense Declaration (FL-141) Tell the court that you had the first or final set of financial documents served on your spouse or domestic partner.

The CA divorce law statute says form FL140 must be filed within 90 days of filing for divorce petition for the petitioner and within 60 days for the spouse who has been served to complete and respond.

Parties who agree to waive final declarations of disclosure must file their written agreement with the court (see form FL-144). Service of preliminary declarations of disclosure may not be waived by an agreement between the parties. petitioner is required to complete and serve a preliminary declaration of disclosure.

This is a mandatory filing requirement for divorcing couples in the state of California. The preliminary financial disclosure is a list of all marital assets and debts from each party, disclosed to the other spouse before divorce proceedings. Each party must accurately disclose assets and debts for a fair divorce case.

This document, unlike FL-140 and 142, is filed with the court. A brief review of the forms and what you do with each: FL-140: Only served on your spouse. FL-141 (this form): Filed with the court AND served on your spouse.

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Agreement Receivable Statement Format In Contra Costa