Statement Of Account Or Accounts In Georgia
Category:
State:
Multi-State
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Accounts Receivable is a crucial legal document in Georgia that enables an Assignor to convey all rights, title, and interest in specified accounts to an Assignee. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or debt collection, ensuring clarity in the assignment of receivables. Key features of the form include a detailed representation of the assigned accounts, verification that all goods or services have been provided, and confirmation that no payments are contingent on future deliveries. Additionally, the Assignor must affirm there are no existing defenses or claims against the accounts sold, providing protection for the Assignee. The form requires the parties involved to specify whether the assignment is with or without recourse, which affects liability. It is important to complete the attached Exhibit 'A' accurately to reflect the true account balance and creditor information. By utilizing this form correctly, legal professionals can facilitate smoother transactions and enhance the enforceability of debt collection efforts.
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