US Legal Forms
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Contracts
Multi-State
Accounts Receivable - Contract to Sale

Receivable Contract With Nike In Riverside

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

County:

Riverside

Control #:

US-00402

Format:

Instant download

Description

The Receivable Contract with Nike in Riverside is a legal document outlining the sale of accounts receivable from the Seller to the Buyer. This contract stipulates that the Seller is transferring their rights and interests in specified accounts to the Buyer, including any related invoices and future payments. Key features include representations by the Seller regarding the accounts' validity, details in an attached Exhibit A, and conditions surrounding payment contingencies. There are provisions for recourse, allowing the Buyer the option to reconvey defaulted accounts back to the Seller. Additionally, the Buyer has a specified timeframe to inspect the accounts and may choose to cancel the contract if unsatisfied. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, providing a clear framework for securing transactions involving accounts receivable. It assists legal professionals in ensuring compliance and protecting their clients' interests during the sale process.

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