Accounts Receivable Contract Formula In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract Formula in Maricopa is a legal document outlines the sale of accounts receivable from a seller to a buyer. It includes key features such as the description of the accounts being sold, seller representations about the accounts, conditions regarding recourse on the sale, and the buyer's right to inspect the accounts. Users need to fill in specific details such as names, dates, and account information, ensuring all data is accurate and complete. The contract specifies whether the sale is with or without recourse, which affects the seller's liability for defaulted accounts. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or debt collection processes, providing a structured approach to assigning accounts receivable. The form also serves as a compliance tool, ensuring that parties understand their obligations and rights under the agreement. Overall, this contract facilitates the transfer of financial interests in a clear and enforceable manner.
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