Docstoc

Assignment of Accounts Receivable - With Recourse

Document Sample
Assignment of Accounts Receivable - With Recourse Powered By Docstoc
					Assignment of Accounts Receivable
(With Recourse)



                          This document formally assigns the rights to the
                          Accounts Receivables that are listed in the
                          assignment form.

                          Who should use this document?

                                Purchasers of a business who want to ensure
                                   that the current accounts receivable are
                                   transferred along with the business.
                                A business that hopes to trade or sell its
                                   accounts receivable to another organization
                                A business that hopes to use its accounts
                                 receivable to secure a loan or credit.




                      ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR
                      IMPLIED WARRANTY, INCLUDING AS TO LEGAL EFFECT OR COMPLETENESS. They are
                      for guidance and should be modified by you or your attorney to meet your specific needs and the
                      laws of your state. Use at your own risk. Docstoc, its employees or contractors who wrote or
                      modified any form, are NOT providing legal or any other kind of advice and are not creating or
                      entering into an Attorney-Client relationship. The information and forms are not a substitute for
                      the    advice     of     your       own       attorney. Subject to our   Terms      of   Service
                      (http://www.docstoc.com/popterm.aspx?page_id=15). See back cover page and read more here
                      (http://www.docstoc.com/popterm.aspx?page_id114) for additional disclaimers and more.
                      This document is not approved, endorsed by, or affiliated with any State, or governmental or
© Copyright 2011   Docstoc Inc. registered document proprietary, copy not
                      licensing entity.                                                           1
                      Entire document © Docstoc, Inc., 2010, 2011
                  ASSIGNMENT OF ACCOUNTS RECEIVABLE
                           (WITH RECOURSE)


FOR VALUE RECEIVED, the undersigned hereby sells and transfers all right, title and interest
in and to the account(s) receivable as annexed hereto, to _________________.
___________, the undersigned warrants that said account(s) are just and due and the undersigned
has not received payment for same or any part thereof.
The undersigned further states that if any said account does not make full payment within
__days, said account(s) may be retransferred to the undersigned and the undersigned shall
repurchase same for the balance then owing on said account(s).

Signed under seal this _ day of _, 20_.


_______________________________




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not             2

				
DOCUMENT INFO
Description: Agreement to formally assign the rights to the Accounts Receivables that are listed in the assignment form. The process of writing a promissory note with accounts receivable as collateral. If the note is dishonored, the assignee can collect upon the accounts receivable.
HPDocuments HPDocuments http://
About