Accounts receivable are usually considered an asset on a company's balance sheet because the customer is legally obligated to pay the debt. Find accounts receivable purchase contract lawyers for Los Angeles, CA to hire.We provide skilled legal assistance with accounts receivable collections. Call The Law Offices of Ronald P. Slates, P.C., at 866-904-6965 today. An accounts receivable purchase agreement is a legally binding contract that governs the purchase of accounts receivable between parties in a specific location. Get paid faster with these 11 effective email templates for collecting your accounts receivable. Streamline your collections process today! Sample Business Contracts. To create a new accounts receivable item, click Add AR to this Contract. You will then need to complete the required fields to create a new AR.