Receivable Contract With Nike In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with Nike in Orange outlines the agreement between a seller and a buyer regarding the sale of accounts receivable. The seller agrees to sell their rights and interests in specified accounts, as detailed in an attached exhibit. The seller affirms that the accounts represent all outstanding sales and that all services or products have been delivered. The contract specifies conditions regarding contingencies related to payments, any existing defenses or claims against the accounts, and indicates whether the assignment is with or without recourse. Additionally, the buyer has a set period to inspect the accounts and conduct due diligence before finalizing the agreement. If not satisfied, the buyer may cancel the contract. It is governed by the laws of the designated state. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it streamlines the sale of accounts receivable, clarifies rights and obligations, and provides a legally binding document that facilitates financial transactions. It simplifies the legal framework around receivables and supports effective due diligence for stakeholders.
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