Accounts Receivable Assignment Agreement

The Accounts Receivable Assignment Agreement is used by individuals and entities to formally assign the rights to the Accounts Receivable 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. The Accounts Receivable Assignment Agreement is used by purchasers of a business who want to ensure that the current account receivable are transferred along with the business, a business that hopes to trade or sell its accounts receivable to another organization, or a business that hopes to use its account receivable to secure a loan or credit.

SOURCE: Accounts Receivable Assignment Agreement