Receivable Contract With America In Kings

State:
Multi-State
County:
Kings
Control #:
US-00402
Format:
Word; 
Rich Text
Instant download

Description

The Receivable Contract with America in Kings is designed to facilitate the sale of accounts receivable between a seller and a buyer. This contract outlines the rights, titles, and interests that the seller is transferring, as documented in an attached exhibit. Key features include the seller's representations regarding the accounts, such as the absence of disputes, the status of payments, and details about security interests. The seller must also agree to repurchase any accounts that default upon notice from the buyer. Notably, buyers have a limited period to inspect the accounts and can cancel the contract if unsatisfied. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, providing them with a clear framework for conducting transactions involving accounts receivable. It simplifies the process of selling and managing accounts, helping legal professionals ensure compliance with applicable state laws while protecting their clients' interests.
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FAQ

The contract described the plan of the congressional representatives, seeking to nationalize the congressional election. Its provisions represented the view of many conservative Republicans on the issues of reducing the size of government, cutting taxes, and both tort reform and welfare reform.

Trade receivables securitisation is a way for large corporates to sell pools of their outstanding invoices on the capital markets, creating a new source of funding.

Contract Receivables means, with respect to a Contract, all amounts due and payable or to become due and payable under such Contract, together with all rights to receive such amounts under such Contract.

Use of SPECIAL-PURPOSE VEHICLES Another basic difference between factoring and securitization is that, while a factor typically purchases receivables directly onto its book, a receivable securitization generally employs a 2-step sale methodology wherein the receivables portfolio is first sold into a separately ...

Secured receivables are those where the buyer has provided some form of an asset as security to guarantee payment of the debt.

The key difference between Contract asset and Account receivable is its conditionality i.e. Contract Asset is recognized in the Financial Statements when the right to receive the payment is conditional upon something other than just passage of time (having conditional right to receive payment).

Future receivables status is the total sum of receivables due within the timeframe and user-defined filtering options. For example, sorting by due period shows the future receivables as the sum of all amounts receivable within that timeframe.

The main types include: Trade receivables. Trade receivables are amounts customers owe for selling goods or services as part of the normal course of business. Non-trade receivables. Secured receivables. Unsecured receivables.

The forecasted accounts receivable balance is equal to the days sales outstanding (DSO) assumption divided by 365 days, multiplied by 365 days.

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Receivable Contract With America In Kings