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Accounts Receivable - Contract to Sale

Receivable Contract With Nike In Utah

Category:

Loans and Lending - Accounts Receivables

State:

Multi-State

Control #:

US-00402

Format:

Instant download

Description

The Receivable Contract with Nike in Utah is a legal agreement between a seller and a buyer concerning the sale of accounts receivable. The seller agrees to sell their right, title, and interest in certain accounts listed in an attached exhibit, ensuring that all accounts are valid and free from disputes. This form outlines the seller’s obligations and representations regarding the accounts, including their security status and any potential contingencies. It allows the buyer a specified period to inspect the accounts before finalizing the sale. Key features include the terms of recourse, seller's representations about the accounts, and conditions for repurchasing accounts in default. The contract complies with Utah law, ensuring enforceability. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in business transactions, providing a clear framework for transferring receivables while protecting both parties' interests.

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