Accounts Receivable Contract With Nike In Montgomery

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

Description

The document titled 'Contract for the Sale of Accounts Receivable' serves as a formal agreement between a seller and a buyer, specifically addressing the sale of accounts receivable. The contract outlines that the seller is transferring all rights to outstanding accounts, as detailed in an attached Exhibit 'A', which includes account balances, debtor information, and assertions regarding the legitimacy of the accounts. Key features of the contract include seller representations about the accounts, conditions of payment, recourse details, and a due diligence period for the buyer to inspect the accounts. Instructions for filling out the form indicate that both parties must provide specific information and signatures, with options for contingencies and recourse on account defaults. The target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this document useful for structuring transactions involving accounts receivable. It provides necessary legal protections and clarifications for both parties, enhancing transparency and minimizing risks in their business dealings. Additionally, users should follow the clear layout and guidelines provided within the contract to ensure compliance with legal standards.