US Legal Forms
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Contracts
Multi-State
Accounts Receivable - Contract to Sale

Receivable Contract With Nike In Alameda

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

County:

Alameda

Control #:

US-00402

Format:

Instant download

Description

The Receivable Contract with Nike in Alameda is a legal agreement where the seller transfers their rights to specific accounts receivable to the buyer, which is Nike in this case. Key features of the contract include a detailed list of accounts on an attached Exhibit, representations by the seller regarding the accounts’ validity, and provisions for due diligence by the buyer. The seller confirms that the accounts are complete and without contingent payments while also representing that no defense or counterclaims exist. It details that the assignment can be with or without recourse, affecting the seller’s liability for defaults. The form includes a specified timeframe for the buyer to inspect the accounts before finalizing the purchase. This contract is primarily designed for use by attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or debt collections. Its clear structure and filling instructions make it accessible for legal professionals drafting agreements or advising clients in similar situations, ensuring compliance with relevant legal standards.

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