Statements Of Account Or Statement Of Accounts In Utah
Category:
State:
Multi-State
Control #:
US-00400
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Accounts Receivable form is a legal document used in Utah for transferring ownership of accounts receivable from one party, the Assignor, to another, the Assignee. This form is crucial for businesses that wish to sell their accounts for immediate cash flow or as part of debt recovery. It includes essential declarations by the Assignor, confirming that the accounts are as described, that no payments are contingent, and outlines the rights transferred. Users must accurately fill in details like the assigned accounts on Exhibit 'A' and any relevant debtor information. Each party must sign and date the form to make it valid. Attorneys, partners, owners, associates, paralegals, and legal assistants benefit from this form by ensuring clear documentation of the account transfer process, safeguarding the rights of both parties, and facilitating smoother financial transactions. Legal professionals should guide clients through the filling process and review any implications of the recourse clauses included in the agreement.
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