Statement Of Account Or Accounts In Maryland
Category:
State:
Multi-State
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Statement of account or accounts in Maryland is a crucial legal form that facilitates the assignment of accounts receivable between parties. It enables an Assignor to formally transfer all rights, titles, and interests in specified accounts to an Assignee. Key features include a detailed representation of the assigned accounts, including outstanding balances and account details, as well as assurance that the accounts are free of liens or disputed claims. Fillers must provide clear information, including the attached Exhibit 'A' with account specifics and any potential contingencies. This form is particularly useful for attorneys, partners, and paralegals when managing client accounts, ensuring compliance with legal requirements during the assignment process. Additionally, it serves legal assistants and associates by standardizing the documentation process, minimizing risks associated with disputed accounts. Proper use ensures seamless transactions and protects all parties' interests in the assigned accounts.
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