Document background
The Vendor Finance Contract is a specialized financing arrangement commonly used in Hong Kong and the broader Asia-Pacific region when suppliers provide both goods/services and financing to their customers. This document is particularly relevant when purchasers require extended payment terms or structured financing solutions directly from their vendors, rather than traditional bank financing. The agreement incorporates Hong Kong's legal requirements for secured financing transactions, including compliance with the Money Lenders Ordinance where applicable, and typically includes detailed provisions for security interests, payment mechanics, and enforcement rights. It's especially valuable for large-scale equipment purchases, technology implementations, or other significant capital expenditures where vendors offer financing solutions to facilitate sales.
