Accounts Receivable Contract With Nike In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Nike in Queens is a formal agreement between a seller and a buyer for the sale of accounts receivable. This contract outlines the seller's obligation to transfer all rights, titles, and interests in designated accounts as identified in an attached exhibit. Key features include representations by the seller regarding the validity of the accounts, the balance, and the status of any payments. The seller assures that the accounts are unencumbered and free from disputes, while the buyer is granted a due diligence period to inspect the accounts before committing to the sale. Specific clauses address whether the sale is with or without recourse, impacting the seller's obligations upon account defaults. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate finance or transactional law, providing a structured means to manage accounts receivable effectively. It enhances clarity in financial transactions, minimizes disputes, and ensures compliance with relevant state laws, thus supporting both parties in a secure financial exchange.
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