Receivable Contract With Nike In Phoenix

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

Description

The Receivable Contract with Nike in Phoenix is designed for the sale of accounts receivable between a seller and a buyer. Key features of this form include the seller's obligation to sell all rights, titles, and interests in specified accounts, along with representative invoices. It requires the seller to affirm that the accounts are all outstanding and that payments are not contingent on future services. The contract outlines buyer inspection rights, allowing a set period for due diligence before finalizing the agreement. This contract can be executed with or without recourse, impacting the seller's obligations if payments are not received. The document stipulates that any funds received post-agreement date must be delivered to the buyer, alongside seller representations regarding the absence of counterclaims or offsets related to the accounts sold. The utility of this form is significant for attorneys, partners, and owners seeking to efficiently manage or liquidate receivables. Paralegals and legal assistants may find it essential for preparing documentation and ensuring compliance with the outlined conditions. It serves as a practical tool in transaction management, risk assessment, and due diligence processes.