Receivable Contract With Nike In Palm Beach

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

Description

The Receivable Contract with Nike in Palm Beach is a legal document that formalizes the sale of accounts receivable between a seller and a buyer. Key features of the contract include the specification of the accounts being sold, the representations made by the seller regarding the accounts, and the conditions under which the sale takes place. The seller must confirm that all accounts listed are complete and valid, ensuring there are no outstanding disputes or contingent payments. The agreement allows the buyer a set number of days to inspect the accounts and conduct due diligence, with an option to cancel the contract if dissatisfaction arises. Furthermore, the contract specifies whether the assignment of accounts is with or without recourse, highlighting obligations and rights for both parties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle transactions involving receivables, providing a structured means to secure and validate the sale of such accounts. It helps ensure compliance with relevant legal standards and serves as a safeguard against future disputes.