Receivable Contract With Nike In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with Nike in Nassau is a formal agreement between a seller and a buyer regarding the sale of accounts receivable. The seller agrees to sell their rights to all accounts listed in an attached exhibit, including associated invoices and due payments. Key features include the seller's representations about the status of accounts, assurances that no defenses or offsets exist, and conditions for default. The buyer is granted a time period to inspect and conduct due diligence on the accounts before finalizing the agreement. The contract specifies whether the assignment of accounts is with or without recourse and outlines seller's obligations in case of defaults. It is designed to be straightforward, ensuring clarity and enforceability under the laws of the respective state. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear and structured way to facilitate the sale of receivables, ensuring both parties understand their rights and obligations.
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