Accounts Receivable Contract With Nike In Tarrant

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

Description

The Accounts Receivable Contract with Nike in Tarrant outlines the agreement between a Seller and Buyer for the sale of outstanding accounts receivable. It includes essential features such as the representation of the Seller regarding the accounts, the accurate listing of the accounts on Exhibit 'A', and conditions for recourse, which allow for the Buyer to reconvey accounts if they become in default. The contract specifies the obligations of the Seller, including the delivery of any funds received after a specific date and the assurance that no counterclaims or offsets exist against the accounts. Buyers are given a period to inspect the accounts, ensuring satisfaction before finalizing the sale. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are engaged in transactions involving accounts receivable, providing them with a structured and legally sound template to protect their interests. It facilitates due diligence, clear communication of responsibilities, and compliance with state laws. Overall, this contract serves as a foundational document for conducting professional and transparent financial agreements.