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This 30 Day Credit Agreement template is designed for use in South African business operations where short-term credit facilities are required. It serves as a standardized framework for extending credit with a 30-day repayment term, ensuring compliance with the National Credit Act 34 of 2005 and other relevant South African legislation. The document is particularly useful for businesses offering trade credit to customers, whether they are other businesses (B2B) or consumers (B2C). It includes comprehensive provisions for credit terms, payment obligations, interest calculations, and default procedures, all aligned with South African legal requirements. The agreement can be customized for various business contexts while maintaining regulatory compliance and protecting both the credit provider's and customer's interests.

1. Parties: Identification of the credit provider and the customer, including registration/ID numbers and contact details as required by the NCA

2. Background: Context of the agreement and purpose of the credit facility

3. Definitions: Definitions of key terms used in the agreement, including credit-specific terminology

4. Credit Facility Terms: Principal terms including credit limit, interest rate, and repayment period

5. Payment Terms: Details of payment obligations, due dates, and payment methods

6. Interest and Fees: Breakdown of interest calculations, initiation fees, service fees and other charges as per NCA regulations

7. Default and Consequences: Consequences of default, including collection procedures and additional charges

8. Rights and Obligations: Statutory and contractual rights and obligations of both parties

9. Term and Termination: Duration of the agreement and termination provisions

10. Declarations: Customer declarations regarding financial position and understanding of the agreement

11. General Terms: Standard contractual provisions including notices, amendments, and governing law

12. Signatures: Execution clause and signature blocks for all parties