# Accounts Receivable Agreement
**This Accounts Receivable Agreement (the "Agreement") is made and entered into as of [Date], by and between:**
**[Creditor Name]**
Address: [Creditor Address]
City, State, Zip: [City, State, Zip]
(Hereinafter referred to as "Creditor")
AND
**[Debtor Name]**
Address: [Debtor Address]
City, State, Zip: [City, State, Zip]
(Hereinafter referred to as "Debtor")
**WHEREAS**, the Creditor has provided certain goods and/or services to the Debtor, resulting in accounts receivable due from the Debtor to the Creditor, as detailed below.
**NOW, THEREFORE**, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:
## 1. Accounts Receivable
1.1 **Description of Accounts Receivable**
The Debtor acknowledges and agrees that they owe the Creditor the following amounts (the "Receivables"):
| Invoice No. | Date of Invoice | Amount Due |
|-------------|----------------|------------|
| [Invoice #1] | [Date] | $[Amount] |
| [Invoice #2] | [Date] | $[Amount] |
| [Invoice #3] | [Date] | $[Amount] |
**Total Receivables:** $[Total Amount]
## 2. Payment Terms
2.1 **Payment Schedule**
The Debtor agrees to make payment on the Receivables according to the following schedule:
- **Payment Amount:** $[Payment Amount]
- **Due Dates:** [List Due Dates]
2.2 **Late Payments**
If any payment is not received by the due date, the Debtor agrees to pay a late fee of [X]% of the amount due for each month the payment is late.
## 3. Representations and Warranties
3.1 **Debtor's Representations**
The Debtor represents and warrants that:
a) They have the legal capacity to enter into this Agreement.
b) The Receivables are valid and enforceable obligations of the Debtor.
c) They are not subject to any bankruptcy or insolvency proceedings.
## 4. Default
4.1 **Events of Default**
The following shall constitute an event of default under this Agreement:
a) Failure to make any payment when due.
b) Breach of any representation or warranty made by the Debtor.
c) Initiation of bankruptcy or insolvency proceedings by or against the Debtor.
4.2 **Remedies Upon Default**
Upon the occurrence of an event of default, the Creditor may, at their discretion:
- Accelerate all amounts owed under this Agreement.
- Commence legal action to collect the total amount due.
## 5. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
## 6. Amendments
This Agreement may only be amended in writing, signed by both parties.
## 7. Entire Agreement
This Agreement constitutes the entire agreement between the parties relating to its subject matter and supersedes all prior agreements and understandings, whether written or oral.
## 8. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Accounts Receivable Agreement as of the date first above written.
**Creditor:**
Signature: ___________________________
Print Name: [Creditor Name]
Date: _______________________________
**Debtor:**
Signature: ___________________________
Print Name: [Debtor Name]
Date: _______________________________
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*Please insert the respective information in the placeholders and consult with a legal professional to ensure compliance with applicable laws and regulations.*