Receivable Contract With Nike In Sacramento

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

Description

The Receivable Contract with Nike in Sacramento is a legally binding document designed for the sale of accounts receivable between a seller and a buyer. It stipulates that the seller is transferring their rights to specific accounts, as detailed in an attached exhibit, including all related invoices and due payments. Key features of this contract include seller representations regarding account status, buyer inspection rights, and conditions for recourse or non-recourse assignment of accounts. Users are instructed to complete all pertinent sections, including the seller and buyer's information and account details, ensuring clarity and accuracy. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form for structuring sales of accounts receivable in transactions, facilitating smooth exchanges, and managing collections effectively. This contract helps mitigate risks by clearly outlining responsibilities and rights, thereby supporting effective business transactions.