Accounts Receivable Contract With Nike In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00402
Format:
Word;
Rich Text
Instant download
Description
The Accounts Receivable Contract with Nike in Santa Clara is designed for the sale and assignment of outstanding accounts receivable from a seller to a buyer. The document includes sections detailing the seller's representation regarding the accounts, including confirmation that all goods or services were delivered, and that no payments are contingent upon future deliveries. Key features include the listing of accounts on an attached exhibit, provisions for inspecting the accounts, and options for repurchasing defaulted accounts. Additionally, the contract specifies whether the assignment is with or without recourse. This form is particularly useful for attorneys, partners, and owners involved in commercial transactions, as it provides a clear framework for transferring accounts receivable. Associates, paralegals, and legal assistants will find this form beneficial for understanding seller obligations and buyer rights under the agreement, as well as ensuring compliance with state laws governing such transactions.
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