Receivable Contract With America In Oakland

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• County: Oakland
• Control #: US-00402
• Format: Word; Rich Text

Description

The Receivable Contract with America in Oakland is a formal agreement between a Seller and a Buyer for the sale of outstanding accounts receivable. This contract outlines the Seller's obligations to transfer all rights, titles, and interests in specified accounts, including invoices and money due. Key features include Seller's representations about the accounts, such as their outstanding status, absence of payments contingent on future services, and the absence of defenses or offsets related to the accounts. Buyers are given a set period to inspect the accounts and may cancel the contract if not satisfied. The assignment may be with or without recourse, affecting the Seller's liability for defaults. This document is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants who handle debt collections, business transactions, or financial agreements, ensuring clear terms and legal protection for both parties involved.