The Agreement For Supply Of Goods On Credit is essential for businesses engaging in commercial relationships where immediate payment isn't required. This document, governed by US law, establishes a framework for suppliers to provide goods while extending credit to buyers. It addresses key aspects including credit limits, payment terms, security arrangements, and default provisions. The agreement ensures compliance with the Uniform Commercial Code, federal credit laws, and state regulations while protecting both parties' interests. It's particularly valuable for ongoing supply relationships where regular orders and deferred payments are standard practice.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of supplier and buyer, including full legal names and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including defined terms related to credit arrangements
4. Supply Terms: Details of goods, quantities, specifications, and delivery terms
5. Credit Terms: Credit limit, payment terms, interest rates, and payment schedule
6. Default Provisions: Consequences of payment default and remedies available to the parties
7. Term and Termination: Duration of agreement and termination conditions
8. General Provisions: Standard boilerplate clauses including governing law, notices, and amendments
1. Security Interest: Terms for securing the credit extended, including details of any collateral arrangements
2. Insurance Requirements: Required insurance coverage for goods and credit risk
3. Volume Commitments: Minimum purchase requirements and related pricing terms
4. Quality Control: Specific quality standards and inspection procedures for goods
1. Schedule A - Product Specifications: Detailed list of products, specifications, and prices
2. Schedule B - Credit Application Form: Standard form for credit application and assessment
3. Schedule C - Payment Schedule: Detailed payment terms, dates, and credit limits
4. Schedule D - Security Agreement: Details of any security arrangements and collateral
5. Schedule E - Delivery Terms: Specific delivery requirements, locations, and timeframes
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Legal Services Contract
A U.S.-governed agreement between a legal service provider and client establishing terms of legal representation and service delivery.
Download
Credentialing Service Agreement
A U.S.-governed agreement establishing terms for professional healthcare credentialing services, ensuring regulatory compliance and quality standards.
Download
IT Managed Services Contract
A U.S.-governed agreement defining terms for ongoing IT infrastructure management and support services between a service provider and client.
Download
Business Contracts For Services
US-compliant business contract template for B2B service relationships, covering service delivery, payment terms, and risk allocation.
Download
Hvac Contract
A U.S.-governed contract for HVAC system installation, maintenance, or servicing, outlining terms, specifications, and compliance requirements.
Download
IT Maintenance Contract
A U.S.-governed agreement defining terms and conditions for IT system maintenance services, including service levels and responsibilities.
Download
Security Company Contracts
A U.S.-governed agreement establishing terms and conditions for professional security services between a security provider and client.
Download
Cleaning Company Contracts
A U.S.-governed agreement establishing terms and conditions between cleaning service providers and clients, including service scope, performance standards, and compliance requirements.
Download
Janitorial Independent Contractor Agreement
A U.S.-governed contract establishing terms between a client and independent janitorial service provider for cleaning services.
Download
Contract To Pay For Services
A U.S.-governed agreement establishing payment terms and conditions for professional services, including service scope, obligations, and compensation details.
Download
Limited Service Agreement
A U.S.-governed contract defining terms for limited-scope professional services between a service provider and client.
Download
Standard Master Services Agreement
A U.S.-governed framework agreement establishing core terms and conditions for ongoing service delivery between provider and client.
Download
Facility Management Agreement
A U.S.-governed contract establishing terms for professional facility management services, including maintenance, operations, and administrative responsibilities.
Download
Simple Security Guard Contract
A U.S.-compliant agreement establishing terms between security service providers and clients for guard services.
Download
Customer Contract Agreement
A U.S.-governed agreement that establishes the contractual relationship between a service provider and their customer, defining key terms and conditions of their business relationship.
Download
Managed Service Provider Agreement
A U.S.-governed agreement establishing terms for managed IT service delivery, including service levels, security requirements, and compliance obligations.
Download
Accounting Services Agreement
A U.S.-governed contract establishing terms for professional accounting services, including scope, fees, and compliance requirements.
Download
Roofing Service Agreement
A U.S.-governed agreement establishing terms and conditions for roofing services between contractors and property owners, including work scope, warranties, and compliance requirements.
Download
Work Contract Between Two Companies
A U.S.-governed agreement establishing terms and conditions for business-to-business work arrangements.
Download
Contract For Service And Contract Of Service
A U.S.-compliant agreement establishing terms for both service provision and employment relationships, defining working arrangements and obligations between parties.
Download
Trial Use Agreement
A U.S.-governed agreement establishing terms for temporary product or service evaluation, protecting both provider and user interests during trials.
Download
Childcare Contract
A U.S.-governed agreement establishing terms and conditions between childcare providers and parents/guardians for childcare services.
Download
Website Hosting Agreement
A US-governed agreement defining terms and conditions for website hosting services, including technical specifications, service levels, and compliance requirements.
Download
Recruitment Service Agreement
A U.S.-governed agreement between a recruitment agency and client company for professional recruitment services.
Download
Service Order Agreement
A U.S.-governed agreement that establishes terms for ordering and delivering specific services between a provider and client.
Download
Lease Extension Letter
A formal document used in the US to extend an existing lease agreement between landlord and tenant, maintaining or modifying current terms.
Download
Employee Service Agreement
A U.S.-governed contract establishing employment terms between an employer and employee.
Download
Virtual Office Lease Agreement
A US-compliant agreement governing the lease of virtual office services, including business address usage and related services.
Download
Vendor Procurement Agreement
A U.S.-governed contract establishing terms for purchasing goods or services from vendors, including delivery, quality, and payment conditions.
Download
Tutoring Contract
US-governed agreement establishing terms and conditions for tutoring services, including service scope, payment terms, and privacy requirements.
Download
Translation Agreement
A U.S.-governed legal agreement establishing terms and conditions for professional translation services.
Download
Service And Maintenance Agreement
A U.S. legal agreement establishing terms for ongoing maintenance and service work between provider and client.
Download
Rental Waiver Form
A legally binding document used in the US that allows tenants to voluntarily waive specific rights or requirements under their rental agreement.
Download
NDA Financial Services
A U.S.-governed confidentiality agreement specifically designed for financial services sector, ensuring protection of sensitive financial information while maintaining regulatory compliance.
Download
Marketing Services Contract
A U.S.-governed agreement defining the terms and conditions between a marketing service provider and client, including service scope, deliverables, and compliance requirements.
Download
Lease Extension Form
A U.S. legal document that extends an existing lease agreement's term while maintaining or updating its original conditions.
Download
Hosting Contract
A U.S.-governed agreement between a hosting provider and client defining terms for web hosting services and related obligations.
Download
Financial Services Agreement
A U.S.-governed agreement establishing terms and conditions for the provision of financial services, incorporating federal and state regulatory requirements.
Download
Early Works Agreement
A U.S. construction contract allowing preliminary work to begin while the main contract is being finalized.
Download
Dispatch Agreement
A U.S.-governed contract establishing terms between dispatch service providers and carriers/drivers for coordinating transportation services.
Download
ұԾ’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; ұԾ’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)