Receivable Contract With Nike In Georgia

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

Description

The Receivable Contract with Nike in Georgia facilitates the sale of accounts receivable between a seller and a buyer. It articulates the seller's agreement to transfer all rights, titles, and interests in specified accounts, as detailed in an attached exhibit, along with all associated invoices. Key features of the contract include seller representations regarding the validity and status of the accounts, ensuring all amounts are true, secure, and uncontested. Furthermore, it outlines the procedures for recourse and inspection periods, allowing the buyer a specific timeframe to validate the accounts before finalizing the agreement. The contract emphasizes that any future payments due must be delivered to the buyer, and it includes provisions regarding the repurchase of accounts in default. This form is essential for legal professionals like attorneys, partners, and paralegals, who require clarity on account transactions and their implications, ensuring compliance with legal standards in Georgia. It is also valuable for legal assistants and associates engaged in the preparation and management of receivable transactions, offering a structured approach to facilitate due diligence and protect client interests.