Receivable Contract With Nike In Massachusetts

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

Description

The Receivable Contract with Nike in Massachusetts is a formal agreement between a seller and buyer regarding the sale of accounts receivable. The seller agrees to sell their rights, titles, and interests in specified accounts, which are detailed in an attached exhibit. Key features include seller representations about the accounts, inspection rights for the buyer, and terms regarding recourse on sold accounts. The seller must ensure that all accounts are valid and uncontested, specifying any due dates and limits on liability. This contract provides a framework for the transfer of receivables while protecting the rights and interests of both parties involved. For target audiences such as attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves various purposes, including facilitating due diligence on receivables, ensuring compliance with Massachusetts laws, and providing a reliable means to negotiate sale terms. The form can be edited to fit specific transactions and can be used in diverse business scenarios, such as mergers, acquisitions, or daily operations that require cash flow management.