Accounts Receivable Contract For Dummies In King
Category:
State:
Multi-State
County:
King
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract for Dummies in King is a simplified legal document designed for the sale and assignment of accounts receivable from a seller to a buyer. This form outlines key elements such as the seller's commitment to transfer their rights in specified accounts, the details of the accounts in an attached exhibit, and any claims or offsets associated with those accounts. Users are guided on how to fill in the necessary information regarding account balances, debtor details, and contingencies for payment. It caters to various professionals including attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for evaluating and processing the sale of receivables. The form offers a due diligence period for buyers to ensure satisfaction with the accounts before committing. Importantly, it distinguishes between recourse and non-recourse sales, giving buyers options on how to manage defaults. By following the structured approach presented in the contract, users can facilitate effective transactions while adhering to state laws governing such agreements.
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