Statement Of Account Example In King
Category:
State:
Multi-State
County:
King
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Statement of account example in King serves as a formal document used to assign accounts receivable from one party to another. This form facilitates the transfer of rights to collect payments on outstanding accounts, making it vital for financial transactions in various legal contexts. Key features of the form include the representation of assigned accounts, a detailed balance of the accounts listed in an attached exhibit, and clauses concerning any defenses or counterclaims. Filling instructions suggest clearly listing account details and ensuring accurate dates for account commencement and payment deadlines. Users must decide if the assignment is with or without recourse, clarifying the level of liability retained by the assignor. The form is particularly useful for attorneys, partners, and associates who handle financial agreements, as well as paralegals and legal assistants involved in preparing financial documentation. It simplifies the process of formally transferring receivables, ensuring that all involved parties maintain clarity and legal validity in financial transactions.
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