Accounts Receivable Contract With Payment Processing In Arizona
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Payment Processing in Arizona serves as a legally binding agreement between a seller and a buyer regarding the sale of accounts receivable. This contract outlines essential terms such as the sale of all rights to specified accounts, including invoices and payment obligations. Key features include the seller's representations regarding the accounts' validity, inspection periods for buyers, and provisions for repurchase in case of default. Filling instructions require accurate completion of the seller and buyer information, account details in Exhibit 'A', and a clear understanding of recourse options. This contract is essential for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in financial transactions. It offers a structured approach to managing accounts receivable, mitigating risk, and ensuring compliance with Arizona laws. The form enhances clarity in the sale of accounts while protecting the interests of both parties involved.
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