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 Receivable Contract with Nike in Tarrant outlines the agreement between a Seller, who sells accounts receivable, and a Buyer, who purchases those accounts. The contract is comprehensive, detailing the rights, representations, and obligations of both parties concerning the accounts noted in the attached Exhibit 'A'. Key features include the Seller's representations about the account's validity, payment conditions, and any encumbrances. It also specifies whether the assignment is with or without recourse, allowing Buyers to reclaim accounts in default under certain conditions. The form includes a period for the Buyer to inspect the accounts and the ability to cancel if unsatisfied. This contract is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants as it ensures that all parties understand their rights and responsibilities, thereby reducing the potential for disputes. It also serves as a template that can be customized for various transactions, ensuring compliance with state laws and specific business needs.