Receivable Contract With Nike In Oakland

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

Description

The Receivable Contract with Nike in Oakland outlines the agreement between the Seller and Buyer regarding the sale of accounts receivable, specifically focused on the accounts held by the Seller. Key features of this form include a detailed representation of accounts, with an attached Exhibit "A" listing all account balances, debtor details, and conditions of payment. The contract stipulates that no accounts are contested and details any securities interests or offsets associated with the accounts. Importantly, it allows for the Buyer to conduct due diligence within a specified period, enabling evaluation before finalizing the purchase. The contract can be structured with or without recourse, detailing the obligations of both parties in case of defaults. Filling and editing instructions emphasize clear documentation, accurate representation of accounts, and adherence to the specified state laws. This form is highly beneficial for attorneys, partners, and business owners involved in the sale of receivables, providing a legal framework to ensure the process is efficient and compliant. Paralegals and legal assistants can assist in the preparation and review of the contract, ensuring all necessary information is documented accurately and clearly.