Factoring Agreement Contract With Nike In Nassau

• Category: Contracts - Factoring
• State: Multi-State
• County: Nassau
• Control #: US-00037DR
• Format: Word; Rich Text

Description

The Factoring Agreement Contract with Nike in Nassau is designed to facilitate the sale and assignment of accounts receivable between a client and the factor, in this case, Nike. This agreement outlines the framework for clients to obtain funds through the sale of their credit sales invoices while transferring the associated credit risk to the factor. Key features include the assignment of accounts receivable, credit approval processes, terms of payment, and obligations of both parties regarding the handling of merchandise and client interactions with customers. It is essential for users to carefully complete the form by filling in necessary details such as the names of the parties, the date of the agreement, and specific terms regarding financing and repayment. Editing instructions involve ensuring clarity in the contractual obligations and ensuring compliance with the state-specific laws governing the agreement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who assist in managing corporate finance and need a structured mechanism to handle receivables effectively. By utilizing this form, legal professionals can efficiently support their clients in navigating the complexities of factoring agreements.