Accounts Receivable Contract With Nike In Wake

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• County: Wake
• Control #: US-00402
• Format: Word; Rich Text

Description

The Accounts Receivable Contract with Nike in Wake is a legal document that outlines the terms under which a seller sells all rights, title, and interest in their accounts receivable to a buyer. Key features include the seller's representations regarding the accounts, assurances of no outstanding claims or contingencies, and the provision for an inspection period for the buyer to review the accounts. The contract also specifies the recourse options for the buyer concerning defaults on the accounts and includes obligations for the seller regarding the repurchase of these accounts. Filling and editing instructions emphasize the importance of including specific details in Exhibit 'A', such as account balances and debtor information, and ensuring mutual agreement on the terms outlined in the contract. This form is highly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants, as it aids in structuring the sale of accounts receivable in compliance with relevant state laws. The clarity of the document allows users with varying levels of legal experience to understand the implications of the transaction, fostering transparency between parties involved.