Deferred Payment Agreement

Suppliers, defer payment for shipments to a trusted customer with this Deferred Payment Agreement.

• The supplier agrees to regularly supply inventory and parts to the customer, and defer payment on the terms set out in the contract.
• Payment will be made in arrears and the customer will be invoiced weekly.
• Regular shipments will be estimated and determined based on the customer's recent ordering history.
• The supplier retains ownership of the goods until full payment is made, and both parties will carry insurance on the stock.
• The supplier has the right to do a physical inventory on the customer's premises each year.
• This is a generic legal form which is not specific to any country and can be used almost anywhere.