Receivable Contract With Nike In Bexar

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

Description

The Receivable Contract with Nike in Bexar is a formal agreement between a seller and buyer for the sale of accounts receivable. Key features include the seller's agreement to transfer rights to specified accounts, along with associated invoices and outstanding balances. The seller must confirm that the accounts reflect all due payments for delivered goods or services, with none contingent on future deliveries. The contract requires a detailed exhibit listing account specifics and any disputes. Buyers have a limited inspection period to review the accounts and can cancel the contract if unsatisfied. The assignment may specify recourse provisions, allowing buyers to return accounts that default, subject to collection efforts. This form is especially useful for attorneys, partners, and owners engaged in financial transactions, as it provides clear documentation and protections for both parties. Paralegals and legal assistants can aid in filling out and editing the agreement, ensuring compliance with all stated requirements.