Receivable Contract With Nike In Collin

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

Description

The Receivable Contract with Nike in Collin outlines the terms under which a seller transfers their rights to accounts receivable to a buyer. This legally binding agreement includes key elements such as the confirmation of the accounts being sold, representations made by the seller regarding the accuracy of the accounts, and conditions under which the buyer can inspect these accounts. It highlights that the accounts represent all outstanding debts from the sale of the seller's products or services and also specifies any contingencies tied to future deliveries. Buyers can cancel the contract within a specified number of days if the accounts do not meet their satisfaction. The assignment may occur with or without recourse, meaning buyers can reclaim defaulted accounts from the seller if necessary. This document is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to the sale of accounts receivable, ensuring clarity and legal compliance throughout the process. These users can benefit from understanding how to fill and edit the form accurately, identifying relevant use cases in financial transactions, and ensuring all parties' interests are protected.