Receivable Contract With Nike In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with Nike in Miami-Dade is designed to facilitate the sale of accounts receivable between a Seller and a Buyer. This contract outlines the Seller's agreement to sell their rights to specified accounts, along with invoices and payment rights detailed in an Exhibit. Key features include Seller representations regarding the validity of accounts, the absence of contingent payments, and various conditions that protect the Buyer from potential disputes or offsets. Users can customize sections relevant to their transactions, including payment terms and recourse provisions, which define whether the Seller retains responsibility for defaults. Buyers have a fixed time period to inspect the accounts prior to finalizing the sale, ensuring due diligence. This form is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for account sales, minimizing risks associated with receivables, and ensuring compliance with state law. It serves as a practical tool for negotiating and executing financial transactions, making it vital for parties engaged in business with Nike in Miami-Dade.
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