Receivable Contract With Nike In Hennepin

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

Description

The Receivable Contract with Nike in Hennepin outlines the terms under which the Seller agrees to sell their accounts receivable to the Buyer. This document specifies the rights, titles, and interests of both parties regarding the outstanding accounts, ensuring all sales have been processed, and that no associations are under dispute. Key features of this contract include representations about the validity of the accounts, detailed disclosures related to the accounts listed, and conditions regarding recourse. The form allows for a due diligence period where the Buyer can inspect the accounts and provides an option for cancellation if the accounts do not meet their expectations. This contract is designed for use by attorneys, business partners, owners, associates, paralegals, and legal assistants who may need to manage accounts receivable transactions legally and efficiently. It allows the target audience to clearly document the sale process, protect the interests of both parties, and ensures compliance with state laws. Filling and editing instructions should focus on accurately detailing accounts in Exhibit A and confirming all representations made by the Seller are truthful and up-to-date.