Statements Of Account Or Statement Of Accounts In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Accounts Receivable form is an essential document used in Los Angeles to facilitate the transfer of rights to outstanding accounts from one party (Assignor) to another (Assignee). This legal instrument allows the Assignor to convey all rights, titles, and interests in accounts listed in the attached Exhibit, ensuring that all related invoices and monetary dues are transferred as well. Key features of the form include representations regarding the authenticity of the accounts, the unencumbered status of the accounts, and a provision for any payments received post-assignment. It requires users to validate that the accounts are genuine and not subject to disputes, with clear guidelines to list unsecured accounts or any existing claims. The target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, can utilize this form for managing receivables more effectively, ensuring compliant transactions, and providing necessary documentation for financial or legal records. Properly filling out the form entails including accurate details in Exhibit 'A' and understanding whether the assignment is with or without recourse. Overall, the Assignment of Accounts Receivable serves as a foundational legal document for managing accounts receivable in a structured manner.
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