Free Supply Chain Finance Agreement Template
Supply Chain Finance Agreement
1. Introduction
This Supply Chain Finance Agreement ("Agreement") is entered into by and between [Your Company Name], a company incorporated under the laws of [Country], with its registered office at [Your Company Address] (hereinafter referred to as the "Supplier"), and BeansBee, a financial institution duly organized and existing under the laws of [Country], with its principal place of business at Nashville, TN 37201 (hereinafter referred to as the "Financier"). This Agreement is effective as of [Effective Date].
2. Purpose
The purpose of this Agreement is to establish the terms and conditions under which the Financier shall provide supply chain financing to the Supplier in order to facilitate the Supplier's working capital requirements and enhance operational efficiency.
3. Definitions
3.1 "Supply Chain Finance"
Supply Chain Finance includes all financial arrangements between the Financier and Supplier to optimize and manage the Supplier's cash flow and working capital.
3.2 "Invoices"
"Invoices" refers to the financial documents issued by the Supplier to its buyers, which represent payment obligations under this Agreement.
3.3 "Credit Limit"
"Credit Limit" refers to the maximum amount of credit that the Financier is willing to extend to the Supplier within the scope of this Agreement.
4. Terms and Conditions
4.1 Financing Facility
The Financier agrees to provide a revolving line of credit to the Supplier, subject to the Credit Limit, which will be used to finance the Supplier's accounts receivable.
4.2 Interest and Fees
Interest rates and additional fees applicable to the financing provided under this Agreement shall be as specified in Appendix A.
4.3 Repayment
The Supplier shall ensure timely payment of all amounts due, as per the repayment schedule outlined in Appendix B.
5. Representations and Warranties
Each party represents and warrants that it has the right and authority to enter into this Agreement and perform its obligations hereunder.
6. Confidentiality
Each party agrees to keep confidential all information pertaining to the business and operations of the other party, except as otherwise required by law or agreed upon in writing.
7. Termination
This Agreement may be terminated by either party giving [Number] days written notice to the other party. Termination shall not affect any rights or obligations accrued prior to the termination date.
8. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [Country].
9. Miscellaneous
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, between the parties. Any amendments to this Agreement must be made in writing and signed by both parties.
10. Signatures
In witness whereof, the parties hereto have executed this Agreement as of the day and year first above written.
[Your Name]
[Your Company Name]
[Date]
Porter Hoppe
[Date]
