A credit sale agreement is an agreement between two parties that outlines the terms and conditions of a sale where the customer will pay for the goods or services on credit over a certain period of time. It is important for both parties to clearly understand the terms and conditions of the agreement to avoid confusion and disputes in the future.

Here is an example of a credit sale agreement:

Parties Involved:

Seller: XYZ Corporation

Address: 123 Main Street, Anytown, USA

Phone: (123) 456-7890

Email: [email protected]

Buyer: ABC Enterprises

Address: 456 Market Street, Anytown, USA

Phone: (123) 555-1212

Email: [email protected]

Goods/Services: The seller agrees to sell the following goods/services to the buyer:

– 100 widgets at $10 per widget

– Total price: $1,000

Terms and Conditions

1. Payment Terms: The buyer will pay the total price of $1,000 in 30 days from the date of the invoice.

2. Interest and Late Fees: If payment is not made within 30 days, the buyer will be charged an interest rate of 2% per month on the outstanding balance. In addition, a late fee of $50 will be charged for each month the payment is overdue.

3. Delivery: The seller will deliver the goods/services to the buyer on or before the agreed delivery date.

4. Set-off: The buyer agrees that the seller has the right to set-off any outstanding debt owed by the buyer to the seller against any payment due under this agreement.

5. Governing Law: This agreement shall be governed by the laws of the state of (insert state).

6. Termination: Either party may terminate this agreement with written notice to the other party if the other party breaches any of the terms and conditions of this agreement.

7. Entire Agreement: This agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between them.

Both parties should review the agreement carefully and ensure that all terms and conditions are understood before signing. It is also important to keep a copy of the agreement for future reference. By having a clear credit sale agreement in place, both parties can avoid misunderstandings and disputes which can save them time and money in the long run.