Receivable Contract With Nike In California

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

Description

The Receivable Contract with Nike in California is a legal agreement where the Seller transfers all rights and interests in specified accounts receivable to the Buyer. Key features include detailed representations by the Seller about the accounts being sold, including their status, any claims, and payment contingencies. It outlines whether the sale occurs with or without recourse, meaning the Seller's liability for defaulted accounts. The contract gives the Buyer a set period to inspect the accounts and cancel the agreement if unsatisfied. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants working in finance or corporate law as it provides a clear framework for asset transactions. These professionals can utilize the contract to ensure compliance with California laws and protect their clients' interests in the sale of receivables. Additionally, it serves as a valuable resource for structuring agreements that mitigate risks associated with receivable sales.