Accounts Receivable Contract With Nike In Travis

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

Description

The Accounts Receivable Contract with Nike in Travis outlines the agreement between a seller and a buyer for the sale of accounts receivable. The document specifies that the seller sells all rights and interests associated with the listed accounts and provides details about the accounts such as balance, origin, and the absence of contingent payments or disputes. It includes representations from the seller regarding the accounts' legitimacy and conditions, like the absence of existing security interests. Buyers are granted time to inspect and conduct due diligence before finalizing the purchase. This contract highlights seller obligations to repurchase defaulted accounts under certain conditions. For the target audience which includes attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves several purposes. It provides a clear legal framework for transferring accounts receivable, ensuring compliance with state laws. Legal professionals can leverage this contract template for drafting or advising clients on similar transactions, ensuring that all legal protections are in place. Paralegals and legal assistants can utilize this document to assist in preparing and organizing transactional details, providing a foundational tool for financial dealings.