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 Receivable Contract with Nike in Wayne is a formal agreement between a seller and a buyer for the sale of all rights and interests in accounts receivable as specified in an attached exhibit. Key features of the contract include the representation of the seller regarding the accounts, details about the outstanding accounts, and assurances that all goods or services have been delivered. The contract outlines conditions under which the accounts may be redeemed and stipulations regarding payment expectations. Notably, the buyer is allowed a specified period to inspect these accounts and cancel the contract if unsatisfied. The contract is governed by the laws of the state indicated in the document. This form is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in financial transactions or debt collection, as it provides a clear framework for transferring receivables and addresses potential liabilities. Its utility lies in ensuring all parties have defined protections and obligations, facilitating smoother transactions.