Trade Credit Agreements are essential documents in business-to-business transactions where goods or services are provided on deferred payment terms. These agreements, governed by English and Welsh law, protect both suppliers and buyers by clearly defining credit terms, payment obligations, and consequences of default. A Trade Credit Agreement typically includes credit limits, payment schedules, interest rates for late payment, and any security requirements. It's particularly crucial in sectors with extended payment terms or high-value transactions, helping businesses manage cash flow while maintaining legal compliance with UK commercial law.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification and details of the creditor and debtor
2. Background: Context of the trade credit relationship and purpose of the agreement
3. Definitions: Key terms used throughout the agreement including payment terms, credit period, and other relevant definitions
4. Credit Terms: Detailed provisions regarding credit limit, payment terms, and applicable interest rates
5. Payment Conditions: Specific conditions regarding payment schedules, acceptable payment methods, and currencies
6. Default Provisions: Consequences of payment default, enforcement rights, and remedies available to the creditor
7. Representations and Warranties: Standard representations and warranties from both parties regarding their capacity and authority
8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
9. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Security Provisions: Details of any security or guarantees required for the credit facility
2. Insurance Requirements: Specific insurance requirements for goods or credit protection
3. Trading History Requirements: Minimum trading history or financial requirements for maintaining credit
4. Credit Review Process: Procedures for periodic review of credit terms and limits
5. Data Protection: Specific provisions regarding handling of personal data under GDPR when dealing with sole traders or partnerships
1. Schedule 1 - Credit Application Form: Standard form containing credit application details and requirements
2. Schedule 2 - Personal Guarantee: Form of personal guarantee where required for credit security
3. Schedule 3 - Payment Schedule: Detailed payment terms, dates, and installment amounts if applicable
4. Schedule 4 - Security Documentation: Details of any security arrangements and associated documentation
5. Schedule 5 - Interest Rate Calculation: Methodology for calculating interest on late payments or outstanding amounts
Find the exact document you need
Interest Loan Agreement
A legal agreement under English and Welsh law establishing terms for a loan without interest charges.
Download
Vehicle Payment Plan Agreement
An England & Wales agreement outlining vehicle purchase payment terms under the Consumer Credit Act 1974.
Download
Simple Unsecured Loan Agreement
An England & Wales agreement for unsecured personal or business loans, detailing terms and borrower-lender obligations.
Download
Simple Equipment Lease
An England & Wales contract outlining terms for straightforward equipment rental and associated responsibilities.
Download
Simple Contract For A Loan
An England & Wales loan agreement outlining terms for private or small business lending without complex security.
Download
Short Term Loan Agreement
An England & Wales agreement outlining terms for short-term financing under 12 months, ensuring compliance and security.
Download
Simple Owner Finance Contract
An England & Wales contract offering alternative property financing, detailing loan terms, interest, and legal compliance.
Download
Separation Financial Agreement
An England & Wales legal document formalizing financial arrangements for separating couples, covering assets and maintenance.
Download
Seller Financing Real Estate Contract
An England & Wales contract facilitating property sale and financing when traditional mortgages are unsuitable.
Download
Seller Financing Car Contract
An England & Wales contract outlining seller-financed vehicle sale terms and compliance with financial regulations.
Download
Real Estate Loan Agreement
An England & Wales legal document outlining terms for property-secured lending transactions.
Download
Promissory Loan Agreement
An England & Wales legal document outlining loan terms, repayment, and protections for lenders and borrowers.
Download
Project Finance Contract
An England & Wales contract structuring complex project financing with detailed risk and security provisions.
Download
Personal Car Loan Agreement
An England & Wales legal document outlining vehicle finance terms between a borrower and lender.
Download
Personal Auto Loan Agreement
An England & Wales contract detailing vehicle financing terms and borrower obligations for regulated lender transactions.
Download
Owner Finance Agreement
An England & Wales legal document outlining seller-financed property sale terms and obligations.
Download
Master Loan Agreement
An England & Wales legal framework for standardized lending relationships, governing multiple loan transactions.
Download
Loan Payback Agreement
An England & Wales agreement detailing terms for loan repayment, including schedules and default consequences.
Download
Loan Agreement Between Spouses
An England & Wales legal document establishing a loan agreement between spouses with terms for repayment and interest.
Download
Installment Loan Agreement
An England & Wales agreement detailing structured loan repayment terms under financial regulations.
Download
Financing Contract Agreement
A legal document outlining terms and conditions for providing financial support between parties.
Download
Financial Agreement Between Two Parties
An England & Wales legal document authorizing another party to collect specified items on behalf of the recipient.
Download
Financed Sales Contract
An England & Wales legal document authorizing internet service disconnection, ensuring compliance with relevant regulations.
Download
Formal Loan Agreement
An England & Wales legal document authorizing another's use of a credit card under specified conditions.
Download
Equity Funding Agreement
An England & Wales legal document authorizing contractors for specific tasks, detailing scope, duration, and conditions.
Download
Equipment Lease Purchase Option
An England & Wales legal document authorizing a third party to collect payment on behalf of the original payee.
Download
Contract For Personal Loan
An England & Wales legal document authorizing third-party collection of items on behalf of another party.
Download
Contract For Car Payments
An England & Wales legal document authorizing a representative to collect funds on behalf of another party.
Download
Car Loan Agreement Between Individuals
An England & Wales legal document delegating company clearance authority for operational or administrative purposes.
Download
Car Loan Agreement Between Family
An England & Wales legal document delegating authority to a Civil Registrar for registration-related actions.
Download
Business To Business Loan Agreement
An England & Wales legal document authorizing cheque collection on behalf of the original payee.
Download
Business Loan Term Sheet
An England & Wales legal document authorizing a representative to encash a check on behalf of the recipient.
Download
Business Loan Contract
An England & Wales legal document authorizing an individual's formal name change for official record updates.
Download
Bridge Facility Agreement
An England & Wales legal document authorizing the release of employment details for specific verification purposes.
Download
Auto Finance Agreement
An England & Wales legal document authorizing financial transactions under specified conditions and limits.
Download
Loan Agreement Secured By Property
An English law agreement establishing terms for a property-secured loan, including security rights and repayment obligations.
Download
Private Party Auto Loan Contract
A contract under English and Welsh law governing private party vehicle loans between individuals.
Download
Revolving Line Of Credit Loan Agreement
An English law agreement establishing a revolving credit facility with flexible draw-down and repayment terms.
Download
Owner Financing Business Contract
A legal agreement under English and Welsh law where a business seller provides direct financing to the buyer, including terms of sale and payment arrangements.
Download
Installment Loan Agreement Promissory Note
A legally binding document under English and Welsh law that combines a loan agreement and promissory note, establishing terms for installment-based loan repayment.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)