Agreement Receivable Statement With Text In New York

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

Description

The Agreement Receivable Statement with text in New York is a legal document facilitating the assignment of accounts receivable from a seller (Client) to a factor. This comprehensive form outlines the responsibilities and rights of both parties concerning the sale and management of receivables. Key features include the assignment of accounts receivable as absolute ownership, the handling of sales and delivery of merchandise, credit approval processes, and stipulations regarding credit risks and payments. It provides guidelines for filling in specific details such as names, addresses, and financial terms relevant to the transaction. The document serves as an essential tool for attorneys, partners, owners, associates, paralegals, and legal assistants to streamline the financing of businesses through factoring arrangements. It specifically addresses scenarios where companies require immediate cash flow by selling their receivables, ensuring legal protection and clarity in financial agreements. Each section guides users on procedural and compliance requirements vital for effective execution and management of the factoring arrangement, catering to both laypersons and those with legal training.
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FAQ

Are texts legally binding? Yes, under the Electronic Signatures in Global and National Commerce Act, or E-Sign Act, texts can be legally binding if they meet certain requirements, such as: One party must make an offer that the other one is to accept.

Contrary to Table 1.3 in The Bluebook and Appendix 1 in the ALWD Manual, New York practitioners abbreviate this publication as “NYCRR.” The abbreviation is preceded by the appropriate title number and followed by the appropriate section number. No section symbol is used, and the date is omitted. 12 NYCRR 23-1.7(b)(1).

For statutes, it is acceptable to just use the section as the short citation as long as it doesn't confuse your reader. For instance, rather than 42 U.S.C. § 1983, you can just use § 1983. For New York, you can use § 120.05 rather than Penal § 120.05.

Ing to the APA guidelines, one can simply add the URL of the website as an in-text citation, e.g.: The website USA gov ( ) claims to be an online guide to government information and services.

◊ The abbreviation for “lines” is ll.

For state laws include: Law's common name (if it has one). Title Number (refers to volumes of the state's law code) Source abbreviated, the New York State code is abbreviated based upon where it is accessed. Section number or numbers with "§" in front.

Example: N.Y.C. Admin. Code §§ __ - __ (enacted pursuant to N.Y. Tax Law § 111).

Example: N.Y.C. Admin. Code §§ __ - __ (enacted pursuant to N.Y. Tax Law § 111).

Cases & Court Decisions title or name of case (e.g. Plessy v. citation (in law, this means the volume and page in reporters, or books where case decisions are published) jurisdiction of the court, in parentheses (e.g., US Supreme Court, Illinois Court of Appeals) date of decision, in same parentheses as jurisdiction.

Steps Download the UCC-1 form. Provide direct contact information if desired. Fill in the debtor's name and mailing address. List the name and address of the secured party. Indicate the collateral covered by the financing statement. Include applicable descriptions of the transaction. Fill out an addendum if necessary.

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Agreement Receivable Statement With Text In New York