Statement Of Account Or Accounts In Michigan
Category:
State:
Multi-State
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Statement of Account or Accounts in Michigan is a crucial document for the assignment of accounts receivable. This form allows an Assignor to convey their rights and interests in outstanding accounts to an Assignee. Key features include a representation by the Assignor that all goods or services related to the accounts have been provided, a detailed listing of the accounts in an attached Exhibit, and clauses addressing contingencies, security interests, and acknowledgments of payment status. The form also specifies the responsibilities of both parties regarding any payments received post-assignment. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to document and formalize the transfer of accounts receivable, ensuring all parties are aware of their rights and obligations. The clarity of sections addresses potential disputes by affirming that accounts are not contested, providing security for all parties involved. The form's straightforward instructions facilitate its completion and can greatly assist legal professionals in managing client accounts effectively.
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