Receivable Contract With Nike In Wake

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

Description

The Receivable Contract with Nike in Wake outlines an agreement between a seller and a buyer regarding the sale of accounts receivable. This contract specifies that the seller agrees to sell all rights, title, and interest in the accounts listed in the attached exhibit, ensuring that all products or services corresponding to these accounts have been delivered. Key features of the contract include warranties by the seller concerning the validity of accounts, a provision for repurchasing accounts in default, and conditions under which the buyer can inspect the accounts. The buyer is granted a specific period to conduct due diligence before finalizing the purchase, with options to cancel the contract if unsatisfied. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, providing a clear framework for the sale of accounts receivable. Its structured approach aids in risk management and compliance, ensuring that all parties have a mutual understanding of their obligations and rights within the contract.