Statement Of Account Or Accounts In Clark
Category:
State:
Multi-State
County:
Clark
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Statement of Account or Accounts in Clark is a legal form used to assign accounts receivable from one party (the Assignor) to another (the Assignee). This form ensures that all rights and interests in the accounts listed in Exhibit 'A' are conveyed, including unpaid invoices and expected payments. Key features include representations from the Assignor about the completeness and validity of the accounts, that no contingent payments are expected, and that there are no existing defenses against them. It can be modified to specify if the assignment is with or without recourse, meaning whether the Assignor must take back any defaulted accounts. This form is primarily useful for attorneys, partners, owners, associates, paralegals, and legal assistants dealing with business transactions. They can utilize this form to securely transfer receivables, maintain organized financial records, and ensure compliance with commercial regulations. By following the clear instructions provided in the form, users can effectively document and formalize the assignment, enhancing clarity and legal protections for both parties involved.
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