Accounts Receivable Contract With Nike In Washington
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Nike in Washington facilitates the sale of accounts receivable between a seller and a buyer, ensuring the transfer of rights, titles, and interests in specified accounts. Key features include the seller's representation regarding the accounts, detailed information in an attached exhibit, and the stipulation of whether the sale is with or without recourse. The seller must confirm that no payments are contingent upon future deliveries, and that all accounts are free from defenses or offsets. Buyers are granted a specific inspection period to assess the accounts, with the option to cancel if unsatisfactory. This contract is governed by Washington state law, making it particularly relevant for local transactions. The form serves as a crucial tool for attorneys, business owners, and paralegals involved in financial transactions, ensuring compliance and clarity in the transfer of receivables. It helps protect both parties' interests and facilitates smoother business operations.
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