Receivable Contract With Nike In Salt Lake

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

Description

The Receivable Contract with Nike in Salt Lake is a formal agreement between a seller and buyer concerning the sale of accounts receivable. This contract specifies that the seller will transfer all rights, titles, and interests in the receivables listed in an attached exhibit, ensuring that all accounts are valid and due for payment. Key provisions include representations by the seller regarding the accounts' authenticity, a declaration of no contingent payments, and a clause about the assignment being with or without recourse. The buyer has a specified period to inspect the accounts and can cancel the contract if unsatisfied. This contract is essential for legal professionals and business stakeholders involved in financial transactions, offering a structured approach to managing accounts receivable. It serves as a crucial tool for attorneys, partners, and legal assistants, ensuring compliance with state laws while providing clarity in financial dealings. The form can be edited to customize the details relevant to specific transactions and parties involved.