Receivable Contract With Nike In Franklin

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

Description

The Receivable Contract with Nike in Franklin is a legal agreement detailing the sale of accounts receivable between a seller and a buyer. This form includes key features such as the seller's obligations to sell all rights to specified accounts, representations about the accounts being free from payment contingencies, and conditions related to recourse. It also outlines provisions for the buyer's inspection period and due diligence before finalizing the purchase. Notably, the contract specifies that any accounts sold may be subject to repurchase by the seller if they default. For attorneys, this form assists in structuring transactions compliant with relevant laws; partners and owners can use it to streamline business dealings; and paralegals and legal assistants benefit from its clarity in drafting and handling transactions securely. This document is particularly useful in scenarios involving the sale of multiple accounts to maintain cash flow and mitigate risk, especially in dealings with a sizable company like Nike.