Accounts Receivable Contract With Nike In Michigan
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Nike in Michigan serves as a legal framework for the sale of accounts receivable from a seller to a buyer. It outlines the rights and responsibilities of both parties, including the sale of accounts detailed in an attached exhibit and the due diligence period for the buyer to inspect these accounts. Key features include representations by the seller about the accounts' legitimacy and the absence of any claims against them, as well as terms regarding recourse options if accounts go into default. The form clarifies that the seller will repurchase defaulted accounts upon demand and specifies the timeframe for the buyer's satisfaction with the accounts before finalizing the contract. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is crucial for facilitating sales transactions within a legal framework, ensuring compliance with Michigan laws, and protecting interests related to accounts receivable. It is straightforward to complete, with clear instructions on filling out essential details and making any necessary edits.
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