Receivable Contract With Nike In Queens

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

Description

The Receivable Contract with Nike in Queens outlines the agreement between a seller and a buyer for the transfer of accounts receivable. Key features include the seller's agreement to sell all rights, title, and interest in the accounts detailed in an attached exhibit, along with the representation of the seller regarding the accounts. The contract addresses essential elements such as the status of payments, existing defenses, and any contingencies related to the accounts. Instructions for filling out the form are clear, emphasizing the need for accurate documentation regarding account balances and debtor information. The form also allows for inspection of accounts by the buyer within a specified timeframe, granting the option to cancel the contract if unsatisfactory. Legal professionals like attorneys, partners, and associates can utilize this form to facilitate sales and ensure due diligence, while paralegals and legal assistants may assist in preparing and reviewing documentation for compliance and accuracy. Overall, this tailored form is beneficial for anyone dealing with the sale or assignment of accounts receivable, providing a structured approach to secure transactions.