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Accounts Receivable - Contract to Sale

Receivable Contract With Nike In Texas

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

Control #:

US-00402

Format:

Instant download

Description

The Receivable Contract with Nike in Texas is a legal agreement where the Seller transfers their rights, titles, and interests in accounts receivable to the Buyer. This contract details the Seller's obligations to sell specific accounts listed in an attached exhibit and ensures that all accounts are free from disputes or offsets. A key feature is the representation that all accounts are valid and all goods and services have been delivered. Buyers are granted a specific number of days to inspect the accounts before finalizing the agreement, allowing for due diligence. It also outlines whether the sale is with or without recourse, permitting specific conditions for reconveyance if accounts default. The contract will be governed by Texas law, making it pertinent for parties operating within the state. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is essential for facilitating the transfer of receivables in a legally binding manner, ensuring clarity in transaction terms and protecting the interests of all parties involved.

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