Receivable Contract With Nike In Fairfax

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

Description

The Receivable Contract with Nike in Fairfax is a legally binding agreement between a seller and a buyer for the sale of accounts receivable. This contract outlines the seller's obligation to transfer all rights, titles, and interests in the accounts listed in Exhibit 'A', ensuring that all accounts are legitimate and free from any disputes. Key features include representations made by the seller regarding the accounts, such as their validity and security status, and assurances that no payments are contingent on future deliveries. Additionally, the contract stipulates the buyer's right to inspect the accounts within a defined period and to cancel the contract if dissatisfied. The agreement also highlights the recourse options for the buyer should any accounts go into default. For attorneys, partners, and owners, this contract serves as a foundational tool for managing receivables effectively, while associates, paralegals, and legal assistants will find it essential for ensuring compliance and due diligence in the transaction process.