Accounts Receivable Contract For Dummies In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00402
Format:
Word;
Rich Text
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Description
Accounts Receivable -Contract to Sale is a Contract to convey all accounts to a third party at a discount. The Seller agrees to sell to the Buyer all of Seller's right title and interest in all accounts as listed on the attached Exhibit, together with all invoices representing, and all money due or to become due on the assigned accounts and all other rights in the assigned accounts of any type. This Contract can be used in any state.
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All revenue contracts must first be entered in the Contracting System. All Accounts Receivable represent valid obligations arising from bona fide business transactions in the Ordinary Course of Business.The lending practice known as "factoring" provides companies with an upfront payment in exchange for an automatic withdrawal from the company's account. Accounts receivable is any amount of money your customers owe you for goods or services they purchased from you in the past.