Legal Final Accounting Form

LEGAL FINAL ACCOUNTING FORM

This Final Accounting is made between Client Name: and Service Provider/Accountant Name: concerning Matter/Account Number: with Effective Date: .

RECITALS

WHEREAS, Client retained Service Provider to manage, hold, disburse, reconcile and report on funds and assets related to the matter identified above; and

WHEREAS, Service Provider has performed accounting, payment of expenses, and recordkeeping activities and has prepared a proposed final accounting of all funds, assets, liabilities, receipts and disbursements arising from the engagement; and

WHEREAS, the parties desire to set forth the final accounting, reconciliations, proposed distributions and mutual releases in writing to effect final resolution of the account.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

1. DEFINITIONS

For purposes of this Final Accounting Form, the following definitions apply: "Final Accounting Date" means the Effective Date identified above; "Funds" means all cash, bank balances, client trust funds and instruments held by Service Provider for the benefit of Client; "Schedule A" means the itemized schedule of receipts, disbursements, assets and liabilities attached hereto and incorporated by reference.

2. FINAL ACCOUNTING AND ITEMIZATION

Service Provider certifies that the accounting below represents a complete and accurate record of all financial activity for the matter through the Final Accounting Date. The parties acknowledge that Schedule A is intended to be the complete itemization of receipts, disbursements, transfers, assets and liabilities.

SCHEDULE A — ITEMIZED ACCOUNTING

Instructions: Enter each item line for receipts, disbursements, assets or liabilities. Use additional pages if necessary.

3. ASSETS, LIABILITIES AND NET BALANCE

4. PROPOSED DISTRIBUTION

The parties agree the net balance shall be distributed as set forth below. If additional payees or alternate distribution instructions are required, attach a supplement signed by both parties.

If any balance remains after the distributions set forth above, indicate disposition:

Retain balance with Service Provider for up to days pending further instruction
Return remaining balance to Client by check or transfer to address/account below

5. EXPENSES, FEES AND SETTLEMENT OF CLAIMS

Service Provider shall deduct from the funds any agreed fees, administrative costs, and third‑party disbursements as listed in Schedule A. Any disputed fees or claims must be raised in writing within 30 days of receipt of this Final Accounting or will be deemed waived.

6. FINAL RELEASES AND WAIVER

Upon distribution in accordance with this Final Accounting and receipt by the designated payees, Client releases Service Provider from any and all claims, demands, causes of action, liabilities and obligations relating to the funds, disbursements or accounting for the Matter through the Final Accounting Date, except for claims based on fraud, willful misconduct, or gross negligence.

7. REPRESENTATIONS AND WARRANTIES

Each party represents and warrants that it has full authority to enter into this Final Accounting, that the information provided is complete and accurate to the best of its knowledge, and that execution of this Final Accounting will not violate any agreement or law applicable to such party.

8. TAXES AND WITHHOLDINGS

Responsibility for any tax reporting or withholding arising from distributions shall be borne by the party for whom such reporting or withholding is required under applicable law. Service Provider may withhold amounts required by law prior to distribution and will provide applicable documentation upon request.

9. RECORDS, AUDIT AND RETENTION

Service Provider shall retain records supporting the accounting for a period of at least seven years from the Final Accounting Date and shall permit Client or Client's authorized representative to inspect or audit such records upon reasonable prior written notice during normal business hours.

10. NOTICES

All notices required or permitted by this Final Accounting shall be in writing and delivered by hand, nationally recognized overnight courier, or first-class mail, postage prepaid, to the addresses set forth below or to such other address as a party may designate by written notice.

11. AMENDMENTS; WAIVER

This Final Accounting may be amended only by a writing executed by both parties. No waiver of any provision or breach shall be effective unless in writing and signed by the party granting the waiver.

12. GOVERNING LAW

This Final Accounting shall be governed by and construed in accordance with the laws of the state identified below, without regard to conflict of laws principles.

13. ENTIRE AGREEMENT

This Final Accounting, together with any attached schedules and written amendments, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.

14. SEVERABILITY

If any provision of this Final Accounting is held to be invalid, illegal or unenforceable in any respect, the remainder of this Final Accounting shall remain in full force and effect and the invalid provision shall be reformed to the extent necessary to make it enforceable while preserving the parties' intent.

15. COUNTERPARTS

This Final Accounting may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

16. ACKNOWLEDGMENTS

Each party acknowledges that it has read and understands this Final Accounting, that it has had the opportunity to consult with counsel, and that it enters into this Final Accounting voluntarily and with full knowledge of its terms.

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