Accounts Form Statement Format In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Assignment Of Accounts Receivable form is designed for use in Chicago, providing a structured means for an Assignor to transfer their rights to collect on accounts receivable to an Assignee. This form facilitates the process by clearly outlining the rights and interests in the assigned accounts, as detailed in the attached Exhibit 'A'. Key features include representations by the Assignor regarding the status of the accounts, such as delivering goods or services, and assurances about the absence of contingent payments. Users must complete all sections, ensuring accurate disclosure of account balances, debtor details, and any potential disputes. The form allows customization to indicate whether the assignment is with or without recourse, specifying the responsibilities of the Assignor regarding any defaults. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial or transaction law, as it streamlines the process of account assignment and ensures compliance with relevant legal standards. Utilizing this form can enhance clarity and prevent disputes during the assignment process.
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