Accounts Receivable Contract With Nike In Riverside

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

Description

The Accounts Receivable Contract with Nike in Riverside serves as a formal agreement between a seller and a buyer for the sale and assignment of accounts receivable. Key features include the seller's obligation to transfer all rights, titles, and interests in the accounts specified in an attached exhibit. The seller assures that the accounts listed are genuine and that all goods or services have been delivered, with no outstanding disputes or contingent payments. Buyers are granted a period to inspect the accounts, allowing cancellation if unsatisfied. Specific provisions regarding the potential repurchase of defaulted accounts and the assignment’s recourse status are included. This document is vital for those engaged in transactions where accounts receivable are sold, providing transparency and security in the process. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to ensure compliance with applicable laws and to facilitate smoother business transactions, protecting their client’s interests while managing accounts receivable effectively.