Accounts Receivable Contract With Nike In Georgia

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

Description

The Accounts Receivable Contract with Nike in Georgia is a formal agreement that outlines the sale and transfer of all rights, title, and interest in specified accounts receivable from the seller to the buyer. Key features of the form include a detailed representation of the accounts, including their balances and debtor details, and stipulations regarding the contingencies and potential defenses related to these accounts. Users must fill out information such as the names of the parties involved, specific accounts listed in an attached exhibit, and any securing interests on the accounts. The contract also addresses recourse provisions, allowing the buyer potential rights to reconvey accounts in default, as well as a due diligence period for the buyer to inspect the accounts. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear structure for formalizing the sale of accounts receivable, ensuring all legal obligations are met and risks properly managed. By utilizing this contract, legal professionals can streamline transactions in a manner compliant with Georgia law, reducing uncertainties in the sale of receivables.