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1. Parties: Identification of the seller/creditor and buyer/debtor with complete legal names and addresses
2. Background: Context of the transaction, relationship between parties, and purpose of the credit sale
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Description of goods being sold, purchase price, and confirmation of sale
5. Credit Terms: Details of credit amount, interest/markup rate, payment schedule, and payment methods
6. Security Arrangements: Details of any security or collateral provided for the credit facility
7. Representations and Warranties: Statements of fact and assurances by both parties
8. Covenants: Ongoing obligations of the parties during the credit term
9. Events of Default: Circumstances constituting default and consequences thereof
10. Remedies: Rights and remedies available to parties in case of default or breach
11. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution
1. Islamic Finance Compliance: Required when the agreement needs to comply with Islamic banking principles, including specific Shariah-compliant structures
2. Insurance: Required when insurance of goods or credit is mandatory or agreed upon
3. Third Party Guarantees: Include when a guarantor is providing additional security for the credit facility
4. Early Payment Provisions: Terms for early repayment or prepayment of the credit amount
5. Assignment and Transfer: Include when either party may need to assign their rights or obligations
6. Force Majeure: Include when parties want protection from unforeseen circumstances affecting performance
7. Cross-Default: Include when default under other agreements should trigger default under this agreement
1. Schedule of Goods: Detailed description and specifications of goods being sold
2. Payment Schedule: Detailed breakdown of payment installments, dates, and amounts
3. Security Details: Specific details of security or collateral provided
4. Interest/Markup Calculation: Method and examples of interest or markup calculation
5. Condition Report: Current condition of goods if relevant (especially for valuable or used items)
6. Delivery Schedule: Details of delivery arrangements if goods are to be delivered in installments
7. Insurance Requirements: Specific insurance requirements and minimum coverage levels
Applicable Law
Business Day
Buyer
Collateral
Completion Date
Credit Amount
Credit Period
Default Interest
Default Notice
Delivery Date
Down Payment
Due Date
Effective Date
Events of Default
Goods
Installment
Interest Rate
Late Payment Charges
Markup Rate
Material Adverse Effect
Outstanding Amount
Payment Schedule
Purchase Price
Relevant Authorities
Sale Price
Security
Security Documents
Seller
Specified Location
Taxes
Title Documents
Total Amount Payable
Transaction Documents
Warranties
Credit Terms
Payment Obligations
Security
Title and Risk
Delivery
Representations and Warranties
Conditions Precedent
Events of Default
Remedies
Interest and Late Payment
Insurance
Assignment
Set-off
Force Majeure
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Costs and Expenses
Confidentiality
Indemnification
Term and Termination
Further Assurance
Counterparts
Third Party Rights
Taxation
Banking and Financial Services
Retail
Manufacturing
Automotive
Electronics and Consumer Goods
Industrial Equipment
Construction
Agriculture
Real Estate
Telecommunications
Energy
Legal
Finance
Sales
Risk Management
Compliance
Commercial
Credit Control
Treasury
Collections
Business Development
Account Management
Legal Counsel
Credit Manager
Finance Director
Sales Manager
Risk Manager
Compliance Officer
Commercial Director
Contract Administrator
Chief Financial Officer
Credit Controller
Business Development Manager
Account Manager
Treasury Manager
Collections Manager
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