US Legal Forms
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Contracts
Multi-State
Accounts Receivable - Contract to Sale

Receivable Contract With Nike In Florida

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

Control #:

US-00402

Format:

Instant download

Description

The Receivable Contract with Nike in Florida is a formal agreement between a seller and a buyer regarding the sale of accounts receivable. Key features of this contract include the sale of all rights to accounts listed in an attached exhibit, with assurances of no contingencies on payments and the seller's confirmation that the accounts have not been contested. The document outlines representations by the seller about the validity and status of the accounts, specifies conditions under which accounts are sold with or without recourse, and grants the buyer a due diligence period for inspection. It serves as a crucial tool for attorneys, partners, owners, associates, paralegals, and legal assistants who may engage in the transactions of commercial receivables, offering security in the sale process and clarity in the obligations of both parties. Users benefit from the detailed representations and warranties, facilitating smoother transactions and reducing potential disputes. Additionally, the form emphasizes security for the buyer with provisions related to defaults, making it essential for those navigating the complexities of commercial sales in Florida.

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