Accounts Receivable Contract With Nike In Chicago

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

Description

The Accounts Receivable Contract with Nike in Chicago is a legal agreement where the Seller sells their accounts receivable to the Buyer. Key features include the Seller's representations about the accounts, such as that all goods or services represented have been delivered, and that no payments are contingent upon future deliveries. The contract includes a detailed description in Exhibit "A" that lists accounts, balances, and account debtor information. It allows the Buyer to inspect the accounts within a specified time frame, ensuring satisfaction before finalizing the agreement. Additionally, provisions regarding recourse options and Seller obligations upon default are included. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a robust framework for transferring accounts receivable while minimizing potential risks. It facilitates clear communication between parties about their rights and responsibilities while offering legal recourse in case of defaults.