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Accounts Receivable - Contract to Sale

Accounts Receivable Contract With Nike In Collin

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

County:

Collin

Control #:

US-00402

Format:

Instant download

Description

The Accounts Receivable Contract with Nike in Collin is a legally binding agreement between a Seller and a Buyer for the sale of accounts receivable. Key features include the Seller's agreement to sell and transfer all rights, titles, and interests in the listed accounts, as well as all related invoices and outstanding balances. The Seller must represent the validity and integrity of the accounts being sold, confirming they are free from disputes, defenses, or offsets. Buyers have the right to inspect the accounts within a specified time frame, allowing for due diligence before finalizing the agreement. The contract stipulates whether the sale is with or without recourse against the Seller, detailing the steps for reconveyance in case of default. This form serves attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured template for executing accounts receivable transactions, ensuring compliance with legal standards and protecting their interests. It simplifies complex transactions, making it easier for users with varying legal experience to navigate accounts receivable sales.

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