Assignment of Accounts Receivable
This document formally assigns the rights to the
Accounts Receivables that are listed in the
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.
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ASSIGNMENT OF ACCOUNTS RECEIVABLE
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_.
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