Accounts Receivable Contract With Customer In California
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer in California is a legal document that facilitates the sale of accounts receivable from one entity (the Seller) to another (the Buyer). It outlines the terms under which the Seller agrees to transfer their rights to certain accounts, detailed in an attached exhibit. Key features include Seller's representations regarding the accounts, such as their status, payment conditions, and any existing disputes. The form allows Buyers to inspect the accounts for a specified period before finalizing the purchase, ensuring they are informed of what they are acquiring. Additionally, it can specify if the assignment is with or without recourse, affecting Seller’s obligations if accounts default. This contract is particularly useful for legal professionals, such as attorneys and paralegals, who assist businesses in managing receivables. It provides a structured approach to handling accounts sales, ensuring legal compliance and protection for both parties involved. Updated with clear instructions, this form serves as a reliable tool for owners and associates managing financial transactions.
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