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 Receivable Contract with Nike in Travis facilitates the sale of accounts receivable between a seller and a buyer, with clear stipulations on rights and obligations. It outlines that the seller agrees to sell all rights to specified accounts detailed in an attached exhibit, ensuring all accounts are valid and not disputed. Key features include seller representations about the accounts' status, a clause about funds collected post-agreement, and the terms of recourse, providing protection for the buyer. The contract permits a due diligence period for the buyer to inspect the accounts for satisfaction before finalizing the agreement. This form is instrumental for attorneys, partners, and owners involved in financial transactions, as it ensures clarity in rights and responsibilities. Paralegals and legal assistants will find it beneficial as a framework for drafting and reviewing similar agreements, ensuring compliance with state laws. Overall, this form serves to streamline the process of selling and buying receivables, protecting the interests of all parties involved.