Statement Of Account Or Accounts In Massachusetts

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• Control #: US-00400
• Format: Word; Rich Text

Description

The Statement of Account or Accounts in Massachusetts is a legal document used to facilitate the assignment of accounts receivable between parties. This form effectively conveys the assignor's rights, interests, and associated invoices related to outstanding accounts. Key features include the specification of the account balances, account start dates, and any applicable credits, along with a declaration of the status of accounts, such as whether they are contested or secured. Completion of this form requires attention to detail; users must clearly fill in the pertinent details and attach any necessary exhibits, such as Exhibit 'A', outlining the accounts involved. Specific use cases for this document are particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a structured legal framework for managing claims and ensuring proper transfer of rights in financial transactions. The form can be employed in various business contexts where goods or services have been rendered, making it essential for safeguarding interests in receivables. Additionally, the form includes provisions about repurchase obligations under certain circumstances, which can be crucial for managing risk. Overall, this document is an invaluable tool for stakeholders in the financial and legal domains to formalize account transactions.