Accounts Receivable Contract With Nike In Wayne

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

Description

The Accounts Receivable Contract with Nike in Wayne is a legal document that establishes the terms under which a seller agrees to sell all rights to their accounts receivable to a buyer. Key features of the form include the seller's agreement to sell their accounts, representations regarding the accounts' validity, and the provisions for inspections and due diligence by the buyer. Additionally, the contract outlines whether the sale is with or without recourse against the seller, allowing the buyer to have options if any accounts default. The form must be filled out carefully, including the details of the accounts as specified in an attached exhibit, and both parties should ensure clarity on payments and obligations. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions, as it provides a clear framework for asset sales and protects the interests of both parties involved. This contract is essential for parties looking to manage or liquidate receivables effectively, ensuring compliance with relevant state laws.