Document background
The Agreement For Supply Of Goods On Credit is essential for businesses operating in Singapore that wish to establish ongoing supply relationships with deferred payment terms. This document is particularly relevant in the current business environment where trade credit is a crucial aspect of supply chain management. It provides legal protection for both suppliers and purchasers, incorporating Singapore's commercial law requirements while addressing practical aspects such as credit limits, payment schedules, and security arrangements. The agreement is designed to comply with Singapore's regulatory framework, including the Sale of Goods Act and relevant banking regulations.
