Accounts Receivable Contract With Customer Service In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Customer Service in Wake is a legal document facilitating the sale of all rights, titles, and interests in specified accounts receivable from a seller to a buyer. Key features include detailed representations by the seller regarding the accounts' validity and outstanding balances, and conditions under which the assignment occurs, including recourse options. The form necessitates disclosures regarding payment contingencies and any potential defenses against the accounts. Additionally, the buyer is granted a specific inspection period to evaluate the accounts before finalizing the agreement. This contract is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it outlines a structured method for transferring financial obligations and can serve as a crucial tool in managing business cash flow and ensuring compliance with legal standards. It simplifies the process of due diligence and protects both parties by establishing clear expectations and terms regarding the sale of accounts receivable.
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