Accounts Receivable Contract With Nike In Suffolk

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

Description

The Accounts Receivable Contract with Nike in Suffolk outlines the terms under which a seller transfers all rights, title, and interest in specified accounts receivable to a buyer. It includes essential representations from the seller, such as confirming that all goods or services are delivered, detailing the account balances, and ensuring no defenses or counterclaims exist against the accounts. The contract specifies that the buyer can inspect the accounts within a designated timeframe and cancel if unsatisfied. It can be structured with or without recourse, affecting the buyer's rights in case of default. This form is beneficial for various legal professionals, including attorneys, partners, and paralegals, as it provides a clear framework for the sale of accounts receivable, ensuring that all legal obligations are met and risks are adequately assessed. The contract is easy to fill out and modify, enabling legal assistants to assist clients in managing their accounts effectively. Additionally, it serves as a valuable resource for owners seeking to free up cash flow by selling receivables without delay.