Receivable Contract With Nike In Maryland

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

Description

The Receivable Contract with Nike in Maryland facilitates the sale of accounts receivable from a seller to a buyer. This legally binding agreement allows the seller to transfer all rights, title, and interest in specific accounts listed in the accompanying exhibit. Key features include seller representations regarding the validity and status of the accounts, along with stipulations concerning payment contingencies and any existing defenses or counterclaims. The contract specifies whether the sale is with or without recourse against the seller, allowing for buyer protections in case of default. Potential buyers have an inspection period to assess the accounts listed before finalizing the agreement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to handling accounts receivable transactions, ensuring due diligence and compliance with Maryland laws. By using this contract, legal professionals can help their clients effectively manage financial assets and minimize risk in their business dealings.