Statements Of Account Or Statement Of Accounts In North Carolina
Category:
State:
Multi-State
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Accounts Receivable is a legal document used in North Carolina that facilitates the transfer of rights to collect payments on outstanding accounts from one party, known as the Assignor, to another party, the Assignee. This form serves as a crucial tool for individuals or entities seeking to assign their accounts receivable as a way to manage cash flow or enhance liquidity. Key features of this document include the detailed representation of accounts being assigned, a true balance of the account as indicated in Exhibit A, and assurances that the accounts are free from defenses or claims. Filling out the form requires users to specify the account details, any contingencies, and the recourse nature of the assignment. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form beneficial in transactions involving business agreements, debt collection, or financial negotiations. It allows for clear documentation of outstanding receivables and minimizes disputes between parties. Care should be taken to complete the form accurately and ensure that all necessary details are included to prevent future complications.
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