Accounts Receivable Contract With Nike In Pennsylvania
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Nike in Pennsylvania establishes a legally binding agreement between a seller and a buyer regarding the sale of accounts receivable. This form outlines the rights of the seller to sell their interest in specified accounts, as detailed in an attached exhibit. It includes representations by the seller regarding the authenticity of the accounts, confirming that all goods or services have been delivered, and that no payments are contingent on future deliveries. A key feature is the designation of whether the sale is with or without recourse, which determines the buyer's rights in case of defaults on the accounts. The buyer has a specified period to inspect the accounts and conduct due diligence, ensuring satisfaction before finalizing the purchase. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who engage in negotiations or transactions involving account receivables. With clear directives for filling out the form and provisions for various scenarios, this contract facilitates smoother transactions and reduces potential disputes while adhering to Pennsylvania law.
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