Receivable Contract With Nike In Virginia

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

Description

The Receivable Contract With Nike in Virginia is a formal agreement where the seller transfers their rights to collect on specified accounts receivable to the buyer. Key features include the obligations of the seller to provide accurate account information, confirm the validity of the accounts, and ensure that no outstanding disputes or claims exist. The seller also agrees to repurchase any accounts that default upon the buyer's request. The form provides space for detailed account descriptions in an attached exhibit. For the target audience including attorneys, partners, owners, associates, paralegals, and legal assistants, this contract serves as a crucial tool for managing financial transactions and ensuring compliance with legal standards. It is beneficial for professionals involved in business sales or acquisitions, as it allows for due diligence on the accounts within a specified inspection period. Proper completion of the form, ensuring all information is filled accurately, is vital for protecting the interests of both parties involved.