Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Credit Note Agreement
"I need a Credit Note Agreement for my manufacturing company to issue a credit of Rs. 500,000 to our distributor due to product quality issues found in January 2025 shipments, with the credit to be adjusted against future invoices over 6 months."
1. Parties: Identifies the parties to the agreement - the credit note issuer and recipient, including their complete legal names, addresses, and GST registration numbers
2. Background: Explains the context and circumstances leading to the issuance of the credit note, including reference to original invoice(s)
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Credit Note Details: Specifies the amount, nature, and basis of the credit note, including tax implications
5. Terms of Credit: Outlines how and when the credit will be applied or redeemed
6. GST Compliance: Specifies compliance with GST requirements and implications for input tax credit
7. Representations and Warranties: Statements of fact and assurances from both parties regarding the credit note
8. Duration and Validity: Specifies the period for which the credit note is valid and can be redeemed
9. Governing Law and Jurisdiction: Specifies that Indian law governs the agreement and establishes jurisdiction for dispute resolution
10. Execution: Formal signing section with space for authorized signatures and company seals
1. Assignment: Include when the credit note may be transferable or assignable to other parties
2. Dispute Resolution: Include detailed arbitration or mediation procedures for complex or high-value credit arrangements
3. Confidentiality: Include when the credit note involves sensitive commercial information
4. Force Majeure: Include when external factors might affect the ability to honor the credit note
5. Notices: Include when formal communication procedures need to be established between parties
6. Amendment Provisions: Include when flexibility for future modifications to the credit terms is needed
1. Schedule A - Credit Calculation: Detailed breakdown of the credit amount, including tax calculations and adjustments
2. Schedule B - Original Invoice Details: List of original invoices against which the credit note is issued
3. Schedule C - Payment Terms: Detailed payment or credit application terms if complex arrangements exist
4. Appendix 1 - Supporting Documents: Copies of relevant documents such as original invoices, delivery challans, or correspondence
5. Appendix 2 - GST Declarations: Required GST declarations and certifications
6. Appendix 3 - Authorized Signatories: List of authorized signatories from both parties who can execute the agreement
Authors
Retail
Manufacturing
Wholesale Trade
E-commerce
Professional Services
Information Technology
Construction
Healthcare
Automotive
Financial Services
Telecommunications
Logistics and Supply Chain
Finance
Accounts
Legal
Tax
Commercial Operations
Procurement
Billing
Compliance
Internal Audit
Treasury
Finance Manager
Accounts Receivable Manager
Tax Manager
Chief Financial Officer
Accounts Manager
Credit Controller
Financial Controller
GST Compliance Officer
Billing Manager
Commercial Manager
Legal Counsel
Procurement Manager
Business Development Manager
Auditor
Company Secretary
Find the exact document you need
Individual Voluntary Credit Agreement
An Indian law-governed agreement establishing voluntary credit terms between a lender and individual borrower, compliant with RBI guidelines and banking regulations.
Deleted Credit Agreement
An Indian law-governed agreement documenting the termination and deletion of a credit facility, including settlement acknowledgments and mutual releases.
Credit Repair Contract
An Indian law-governed agreement between a credit repair service provider and client, outlining credit repair services, obligations, and terms.
Debt Consolidation Agreement
An Indian law-governed agreement that combines multiple existing debts into a single loan with unified terms and conditions, compliant with Indian banking regulations.
Large Credit Agreement
A comprehensive credit facility agreement under Indian law establishing terms for large-scale institutional lending, incorporating local regulatory requirements and security provisions.
Available Amount Credit Agreement
An Indian law-governed credit facility agreement allowing borrowers to draw funds up to a specified limit during an agreed availability period.
Debtor Creditor Supplier Agreement
An Indian law-governed tripartite agreement establishing supply and credit arrangements between supplier, debtor, and creditor, with associated payment and security terms.
Voluntary Surrender Agreement
An Indian legal document facilitating the voluntary surrender of property or asset rights from one party to another, ensuring compliance with local laws and regulations.
Incidental Credit Agreement
An Indian law-governed agreement establishing terms for incidental credit facilities between a credit provider and borrower, addressing ancillary credit arrangements in business relationships.
Application For Credit Facility Letter
An Indian banking document used to formally request and document credit facilities from financial institutions, subject to RBI regulations and banking laws.
Inter Credit Agreement
An Indian law-governed agreement establishing credit facilities between financial institutions, detailing lending terms and regulatory compliance requirements.
Credit Hire Agreement
An Indian law-governed agreement establishing terms for asset hiring with credit payment facilities, combining hire and credit facility provisions.
Retail Installment Credit Agreement
An Indian law-governed agreement establishing terms for retail credit between a financial institution and consumer, compliant with RBI guidelines and consumer protection regulations.
Credit Card Debt Settlement Agreement
An Indian law-governed agreement between a financial institution and debtor for settling outstanding credit card debt, specifying settlement terms and payment conditions.
Credit Card Arbitration Agreement
An Indian law-governed agreement establishing arbitration as the dispute resolution mechanism between credit card issuers and cardholders.
Credit Partner Agreement
An Indian law-governed agreement establishing terms and conditions between a financial institution and credit partner for credit distribution and risk-sharing arrangements.
Business Line Of Credit Agreement
An Indian law-governed agreement establishing a revolving credit facility between a financial institution and a business, outlining borrowing terms and security arrangements.
Secured Line Of Credit Agreement
An Indian law-governed agreement establishing a secured credit facility between lender and borrower, backed by security interests in assets.
Credit Card Settlement Agreement
An Indian law-governed agreement between a credit card issuer and cardholder to settle outstanding credit card debt for a reduced amount.
Unsecured Credit Agreement
An Indian law-governed Unsecured Credit Agreement establishing terms for lending without collateral, compliant with RBI guidelines and banking regulations.
Development Credit Agreement
An Indian law-governed agreement establishing terms and conditions for development financing between funding institutions and implementing agencies.
Cash Credit Agreement
An Indian law-governed agreement establishing a revolving credit facility against current assets security, detailing credit limits, interest rates, and operational terms.
Secured Credit Agreement
An Indian law-governed agreement establishing terms for secured credit facilities, including security arrangements, borrower obligations, and enforcement mechanisms.
Promissory Note Credit Agreement
An Indian law-governed agreement combining a promissory note with credit facility terms, establishing loan obligations and repayment conditions.
General Credit Agreement
An Indian law-governed agreement establishing credit facility terms between lender and borrower, including loan conditions, security arrangements, and regulatory compliance requirements.
Credit Enhancement Agreement
An Indian law-governed agreement providing credit support mechanisms to strengthen financial transactions, detailing enhancement structures and party obligations under Indian regulatory requirements.
Credit Card Responsibility Agreement
An Indian law-governed agreement establishing terms and conditions between credit card issuers and cardholders, aligned with RBI guidelines.
Short Term Credit Agreement
An Indian law-governed agreement establishing terms for short-term credit facilities, compliant with RBI guidelines and banking regulations.
Instalment Credit Agreement
An Indian law-governed agreement establishing terms for credit facility repayment in regular installments, compliant with Indian banking and consumer protection regulations.
Credit Swap Agreement
An Indian law-governed agreement facilitating the transfer of credit risk between financial institutions, subject to RBI and SEBI regulations.
30 Day Credit Agreement
An Indian law-governed agreement establishing terms for a 30-day credit facility, including payment terms, interest, and enforcement provisions.
Credit Service Agreement
An Indian law-governed agreement establishing terms and conditions for credit services between financial institutions and borrowers, ensuring regulatory compliance and protecting all parties' interests.
Standby Credit Agreement
An Indian law-governed agreement establishing terms for a bank-issued standby credit facility, serving as a contingent payment mechanism in business transactions.
Revolving Credit Facility Agreement
An Indian law-governed agreement establishing a revolving credit facility between lender and borrower, detailing terms for multiple drawdowns and repayments within an agreed limit.
Revolving Credit Promissory Note
An Indian law-governed financial instrument combining a promissory note with revolving credit facility features, allowing repeated borrowing up to a set limit with ongoing repayment options.
Letter Of Credit Reimbursement Agreement
An Indian-law governed agreement establishing terms for LC reimbursement between banks, detailing payment obligations and procedures in accordance with RBI guidelines.
Home Equity Agreement
An Indian law-governed agreement allowing property owners to monetize their home equity by sharing future appreciation with an investment company.
Business Credit Agreement
An Indian law-governed agreement establishing terms for business credit facilities between a financial institution and a corporate borrower, including facility terms, security arrangements, and regulatory compliance requirements.
Letter Of Credit Contract
An Indian law-governed banking instrument that provides payment security in international trade transactions through documented commitments between parties under UCP 600 guidelines.
Credit Note Agreement
An Indian law-governed agreement that formalizes the issuance of a credit note between parties, ensuring GST compliance and establishing terms for credit adjustments.
Credit Application Agreement
An Indian law-governed agreement establishing terms for credit application and evaluation between a financial institution and potential borrower.
Revolving Line Of Credit Agreement
An Indian law-governed agreement establishing a revolving credit facility allowing repeated borrowing up to a specified limit, with comprehensive terms and conditions.
Employee Credit Card Agreement
An India-compliant agreement governing the issuance and usage of corporate credit cards by employees, outlining terms, responsibilities, and compliance requirements.
Consumer Credit Contract
An Indian-law governed consumer credit agreement between financial institutions and individual borrowers, compliant with RBI guidelines and consumer protection laws.
Letter Of Credit Agreement
An Indian law-governed agreement between a bank and an applicant establishing terms for Letter of Credit issuance, incorporating both local banking regulations and international standards.
Credit Support Agreement
An Indian law-governed agreement establishing terms for providing collateral or credit support in financial transactions, compliant with local regulatory requirements.
Funds Transfer Agreement
An Indian law-governed agreement establishing terms and conditions for conducting funds transfers between parties, ensuring compliance with Indian banking and financial services regulations.
Credit Facility Letter
A formal letter issued by Indian banks/financial institutions outlining credit facility terms and conditions, governed by Indian banking laws and RBI guidelines.
Credit Facilities Agreement
An Indian law-governed agreement establishing terms for credit facilities between lender and borrower, compliant with RBI regulations.
Credit Assignment Agreement
An Indian law-governed agreement for transferring credit rights from an assignor to an assignee, compliant with the Transfer of Property Act and Contract Act.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.