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

Receivable Contract With Nike In Bronx

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

County:

Bronx

Control #:

US-00402

Format:

Instant download

Description

The Receivable Contract with Nike in Bronx is a legal agreement between a seller and a buyer regarding the sale of accounts receivable. The contract outlines the seller's commitment to transfer all rights, titles, and interests in the specified accounts as detailed in an attached exhibit. Key features of the contract include representations from the seller affirming the validity and collectibility of the accounts, a clause for potential repurchase of defaulted accounts, and provisions allowing the buyer to inspect the accounts. Filling instructions emphasize the importance of completing the exhibit with accurate information related to the accounts. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in commercial transactions, as it offers a clear structure for executing the sale and helps in mitigating risks associated with the collectibility of receivables. It provides a framework for negotiating terms and ensuring compliance with state laws, making it a valuable tool for professionals involved in financial dealings.

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