Assignment of Accounts Receivable, Non-Recourse
This is an agreement made and effective [EFFECTIVE DATE],
BETWEEN: [NAME] a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at:
AND: [NAME] a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at:
FOR VALUE RECEIVED, the undersigned, [NAME] hereby sells and transfers all right, title and interest in and to the account(s) receivable as annexed; to [NAME]. The undersigned warrants that the said account(s) are just and due and the undersigned has not received payment for same or any part thereof; provided, however, that said account(s) are sold without recourse to the undersigned in the event of non-payment.
Signed under seal this [DATE].
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title