Accounts Receivable Contract With Payment Processing In San Diego
Category:
State:
Multi-State
County:
San Diego
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Payment Processing in San Diego serves as a formal agreement between a seller and a buyer, focusing on the sale of receivables listed in an attached exhibit. The seller agrees to transfer all rights to specified accounts, along with relevant documentation like invoices and payment due information. Key features include seller representations about the receivables' status, such as guaranteeing that payments are not contingent on future deliveries and identifying any existing claims against the accounts. The contract stipulates that the buyer has a designated period to inspect the accounts, providing an option to cancel if dissatisfied. Additionally, clauses regarding recourse provisions are included, allowing buyers to reclaim accounts in case of defaults. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in managing and enforcing financial agreements effectively. It aids in clear communication of account statuses and protections against potential liabilities, making it a vital tool in business transactions.
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