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

Receivable Contract With Nike In San Bernardino

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

County:

San Bernardino

Control #:

US-00402

Format:

Instant download

Description

The Receivable Contract with Nike in San Bernardino formalizes the sale of accounts receivable from the seller to the buyer, ensuring both parties understand their rights and obligations. Key features of the contract include a detailed list of accounts for sale, the seller's representations regarding outstanding balances and related rights, and provisions regarding recourse. The seller also guarantees that no payments are contingent on future deliveries, ensuring the buyer's investment is secure. Instructions for filling out the form are straightforward, requiring sellers to accurately disclose account details and any existing contingencies. The contract allows buyers to inspect accounts within a specified time frame, promoting due diligence. This form is particularly useful for attorneys, partners, and owners involved in financial transactions, as it provides a legal framework for the sale of receivables. Paralegals and legal assistants will find this contract essential for preparing documentation and ensuring compliance, while associates can utilize it for due diligence on receivable purchases, making it invaluable across legal practice areas.

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