Accounts Receivable Contract With Nike In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Nike in Hillsborough is a formal agreement between a seller and a buyer regarding the sale of accounts receivable. This document outlines the seller's commitment to transfer all rights, titles, and interests in specified accounts, as detailed in the attached Exhibit 'A'. Key features include representations by the seller about the validity and status of the accounts, assurances that payments are not contingent on future deliverables, and provisions for recourse options regarding defaulted accounts. Parties are given a specific time frame to inspect and review the accounts before committing to the agreement. This contract also stipulates that it will be governed by the laws of the relevant state. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a vital tool to facilitate business transactions while ensuring legal protections are in place. It aids in streamlining the process of selling accounts receivable, thereby enhancing cash flow management. Additionally, the clarity of the form provisions ensures that all parties understand their rights and responsibilities, reducing the likelihood of disputes.
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