The Receivable Contract with Nike in Philadelphia outlines the agreement between the Seller and Buyer concerning the sale of accounts receivable. Key features include the transfer of all rights to specified accounts, an exhibit detailing the accounts, and representations made by the Seller regarding payment status and security interests. The Seller assures that all goods or services have been delivered, with no existing contingencies or disputes over the accounts. The contract also stipulates a timeframe for the Buyer to inspect the accounts and highlights the option for recourse in case of defaults. This form is particularly useful for attorneys, partners, and owners as it provides a structured approach to drafting, ensuring legal compliance and protection of interests. Paralegals and legal assistants can efficiently fill out the form by following instructions on itemizing accounts and structuring exhibits, while associates can utilize the contract in negotiations with potential clients or buyers.