Accounts Receivable Contract With Nike In North Carolina
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Nike in North Carolina is a formal agreement wherein the seller transfers their rights to outstanding accounts receivable to the buyer. Key features of this contract include the seller's warranty of ownership of the accounts, detailed representations regarding account status and balances, and the buyer's right to inspect the accounts before finalizing the purchase. Important sections outline contingencies, potential liabilities, and the recourse availability for buyers in case of default. This contract serves attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured format for managing accounts receivable sales, ensuring both parties' rights and obligations are clearly defined. The form is vital for navigating legal transactions involving receivables, as documented due diligence and rights recovery are essential in commercial law. Users can expect comprehensive instructions for filling and modifying the form to suit specific needs, reinforcing its adaptability across various business situations.
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