Credit Application and Terms of Trade

WHAT’S IT FOR?

A Credit Application and Terms of Trade records the terms under which you’ll provide credit to customers of your business and provide your goods or services to them.

These documents will record the details of your credit arrangement, including clauses setting when payments fall due, interest payable on overdue amounts and your rights in the event that you need to take further action to seek payment for the goods. They will also cover key protections such as the scope of work, intellectual property ownership and limitations of liability. It is important you engage a lawyer to ensure your business is appropriately protected.

WHAT’S INCLUDED?

We’ll draft a Credit Application and Terms of Trade and advise you regarding registering a security interest according to the requirements of your business.

This package includes:

• Drafting a Credit Application and Terms of Trade in accordance with the requirements of your business and explaining the key terms
• Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the document
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft