Accounts Receivable Contract With Nike In Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Nike in Palm Beach is a legal document that formalizes the sale of outstanding accounts from the seller to the buyer. It outlines the seller's agreement to transfer all rights, titles, and interests in specific accounts listed in an attached exhibit. The seller asserts that these accounts are legitimate and free from disputes, and they specify conditions related to the payment and security of the accounts. The document emphasizes the buyer's right to inspect and verify the accounts before finalizing the purchase. Additionally, the contract can allow for repurchase by the seller in case of defaults. The utility of this form is significant for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for handling accounts receivable transactions. It assists in ensuring compliance with state laws, outlines responsibilities of both parties, and helps manage risks associated with account defaults. Overall, this form is crucial for effective financial management in business transactions involving accounts receivable.
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