Receivable Contract With Nike In Ohio
Category:
State:
Multi-State
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with Nike in Ohio outlines a formal agreement between a seller and a buyer regarding the sale of accounts receivable. Key features of this contract include the seller's commitment to transfer ownership of all specified accounts, detailed representation of the accounts’ status, and clear stipulations about payment contingencies and issues like defenses or offsets. The form also allows for an inspection period for the buyer to evaluate the accounts before finalizing the purchase, which provides an added layer of security. Furthermore, the contract addresses the recourse options available to the buyer if the accounts are sold with or without recourse. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it offers a standardized method for conducting transactions involving accounts receivable. Completing the form ensures compliance with Ohio law, aids in risk management, and clearly defines the responsibilities of both parties involved.
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