Vendor Finance Agreement


A vendor finance agreement is an agreement when a vendor finances the buyer to help them in purchasing of a certain commodity or product. Such agreements are usually legally binding in nature and bind both the parties together in the agreement for a fixed period of time.

Sample vendor finance agreement:

This agreement has been formed on the date of 13th July 2011

Term of agreement: 12 months

Termination date of agreement: 13th July 2012

This agreement has been formed between the following two parties:

VENDOR

Name: Mr. Harry Lawrence

Address: 34-j, second floor, Marx tower, London

Contact number: 470935895056

VENDEE

Name: Mr. Will Kutcher

Address: S-p, second floor, Tim building, London

Contact number: 473857935953

This agreement is in relation with the financing of a property which is sold by the vendor to the vendee.

The vendor will finance the property for a period of 12 months after which the payment would have to be made by the vendee.

Total cost of property: $50000

Address of property: D-9, Frenie estate, London

The following are the terms and conditions of the agreement:

  • The vendor agrees to provide financial help to the vendee for 12 months.
  • The vendee agrees to take financial help from vendor for 12 months.
  • The vendee will be the sole owner of the property after 12 months but not before that.
  • The agreement shall terminate in case of any violation of terms on the part of any of the two parties.

Both the parties hereby agree to the terms of the agreement:

Harry Lawrence

Will Kutcher

————

 

Financial Agreements

Category: Vendor Agreements

Leave a Reply