Accounts Form Statement Format In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Accounts Receivable form is a legal document designed to facilitate the transfer of ownership of accounts receivable from one party, known as the Assignor, to another, referred to as the Assignee. This form is structured to clearly convey the rights and interests associated with the assigned accounts, ensuring that all necessary details are outlined in an attached Exhibit 'A'. Key features include representations by the Assignor regarding the validity and status of the accounts, a confirmation that no payments are contingent upon future services, and assurances that no defenses or counterclaims exist against the accounts. Additional sections address the recourse nature of the assignment and the delivery of any funds collected post-assignment. For attorneys, partners, and owners, this form serves as an essential tool for streamlining financial transactions in a business setting, while paralegals and legal assistants will find it useful for documentation and compliance purposes. The clarity of the document enhances its utility across various professional roles, allowing for straightforward editing and filling. Specific use cases include securing funding by leveraging accounts receivable or managing risk in business transactions, making it a relevant form for legal practitioners engaged in financial negotiations.
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