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ASSIGNMENT OF ACCOUNTS RECEIVABLE WITH RECOURSE

We’ve prepared a bundle of letter templates to be used in general business situation. Feel free to use them with our compliments. However we ask that you do not reproduce these templates on any medium for public display or re-sale.

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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; 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.

It is further provided that if any said account does not make full payment within _ days, said account[s] may be re-transferred 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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