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Accounts Receivable - Contract to Sale

Accounts Receivable Contract With Nike In Arizona

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

Control #:

US-00402

Format:

Instant download

Description

The Accounts Receivable Contract with Nike in Arizona is designed for the sale of accounts receivable from the seller to the buyer. This contract includes key features such as the listing of accounts on an attached exhibit, seller representations regarding the validity of the accounts, and provisions for inspection and due diligence by the buyer. The seller is required to affirm that the accounts are all outstanding and that there are no contingencies relating to payment. Additionally, the form outlines whether the account assignment is with or without recourse, impacting the buyer's ability to reconvey accounts to the seller in case of default. Important instructions for filling out the form include detailing the seller's representations, listing outstanding accounts, and specifying the governing laws of Arizona. This contract is particularly useful for attorneys, partners, and business owners looking to formalize their transactions involving accounts receivable, ensuring clarity and legal compliance in their dealings. Paralegals and legal assistants can utilize this form to assist in the preparation and review of contracts, providing essential support in the due diligence process.

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