Accounts Form Statement Format In California

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• Control #: US-00400
• Format: Word; Rich Text

Description

The Assignment of Accounts Receivable form is a legal document used in California to transfer rights to accounts receivable from one party, the Assignor, to another, the Assignee. This form details the accounts involved, confirming that the Assignor has sold products or services represented by those accounts. Key features include a declaration of the true balance of accounts, a statement that no payments are contingent on future deliveries, and assurances that accounts have no defenses, counterclaims, or offsets. The form emphasizes provisions about security interests and outlines what happens if any account defaults. Filling out the form requires users to provide specific information, such as account balances and debtor details, ensuring clarity and precision in the transfer process. The form serves a variety of legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants, helping them streamline account management and protect their financial interests. By using this form, legal professionals can facilitate an organized assignment of receivables while ensuring compliance with applicable laws.