Receivable Contract With Nike In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Receivable Contract with Nike in Suffolk is a legal agreement between two parties: the Seller and the Buyer, for the sale of accounts receivable. The Seller agrees to transfer all rights, title, and interest in the specified accounts, which are itemized in an attached Exhibit. Key features of the contract include representations made by the Seller regarding the accounts' legitimacy, payment status, and any existing liens or security interests. The form outlines important filling instructions, including the necessity for accurate account balances and the conditions under which the accounts are sold, such as with or without recourse. Buyers are given a specified number of days to inspect the accounts, allowing them to cancel the contract if they find discrepancies. This contract should be constructed in accordance with the state's laws, providing clarity and legal grounding. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves multiple purposes: it formalizes transactions, mitigates risks through clear terms, and ensures compliance with legal standards, making it a valuable tool in managing financial agreements.
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