Statement Of Account Or Accounts In North Carolina
Category:
State:
Multi-State
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Statement of Account or Accounts in North Carolina is a crucial legal document utilized in the assignment of accounts receivable between parties. This form facilitates the transfer of rights and interests in outstanding accounts, ensuring clarity on all obligations and debts owed. Key features include the requirement for the assignor to confirm all relevant information about the accounts, such as the total balance, payment conditions, and any existing defenses or liabilities. Filling instructions emphasize the importance of accurately detailing account specifics in the attached Exhibit "A" and confirming the absence of disputes over the accounts. It is applicable in various scenarios for attorneys, partners, owners, associates, paralegals, and legal assistants who may need to secure payment for services rendered or products sold. The form can also stipulate whether the assignment is with or without recourse, allowing assignors to specify their liability in defaults. This document streamlines the transfer process, minimizes disputes, and provides a clear framework for both assignor and assignee.
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