Invoice Discounting Agreement Template UK

The Invoice Discounting Agreement Template UK is provided in multiple formats, including PDF, Word, and Google Docs, featuring editable and printable examples.


Sample

Invoice Discounting Agreement Template UK

Editable – Printable



Invoice Discounting Agreement Template UK

1. Client Information


2. Service Provider Information


3. Agreement Details


4. Description of Services

5. Client Obligations

6. Provider Obligations

7. Discount Rates and Fees

8. Rights of Review and Audit

9. Confidentiality Clause

10. Termination Terms

11. Acceptance and Signatures

12. Declaration and Signatures




PDF


WORD

Examples


Invoice Discounting Agreement Template UK (1)
Between:
[Name of the Client]
[Client’s ID]
[Client’s Address]
[Client’s Phone]
[Client’s Email]
And:
[Name of the Service Provider]
[Provider’s ID]
[Provider’s Address]
[Provider’s Phone]
[Provider’s Email]
Introduction:
This Invoice Discounting Agreement outlines the terms under which the Provider agrees to provide invoice discounting services to the Client, commencing on [Start Date].
Clause 1: Services Provided
The Provider will provide the following services: financing against unpaid invoices, management of accounts receivable, and related advisory services.
Clause 2: Discounting Terms
The Client agrees to sell eligible invoices to the Provider for a discount fee of [Discount Rate]% of the invoice value, payable upon each discount transaction.
Clause 3: Repayment Terms
The Client agrees to repay the advance amount on the due date of the invoices. Any late payments will incur additional fees as specified in the agreement.
Clause 4: Confidentiality Obligation
Both parties agree to keep all information regarding the invoices and the transactions confidential, in compliance with relevant data protection laws.
Clause 5: Termination Conditions
This agreement may be terminated by either party with [Notice Period, e.g., 30 days] written notice, under conditions specified herein.
Signed in [City], [Date].
Sincerely,
[Signature of the Client]
[Name of the Client]
[Signature of the Service Provider]
[Name of the Service Provider]
Invoice Discounting Agreement Template UK (2)
Between:
[Name of the Client]
[Client’s ID]
[Client’s Address]
[Client’s Phone]
[Client’s Email]
And:
[Name of the Service Provider]
[Provider’s ID]
[Provider’s Address]
[Provider’s Phone]
[Provider’s Email]
Introduction:
This agreement sets forth the terms and conditions for the discounting of invoices to provide the Client with immediate cash flow, effective from [Start Date].
Clause 1: Scope of Services
The Provider agrees to purchase invoices from the Client and provide immediate funding, ensuring a maximum funding limit of [Maximum Amount] at any given time.
Clause 2: Fees and Charges
The Client agrees to pay the Provider a fee of [Fee Amount]% of the total value of the invoices discounted. Additional fees may apply for late repayments.
Clause 3: Obligations of the Client
The Client must ensure that all invoices submitted are valid and relate to goods or services rendered, maintaining accurate records of all transactions.
Clause 4: Liability and Indemnity
The Provider will not be held liable for any losses incurred by the Client due to a failure to meet repayment terms or any disputes arising from the discounted invoices.
Clause 5: Dispute Resolution
In case of any disputes, both parties agree to seek resolution through mediation before escalating to legal proceedings.
Signed in [City], [Date].
Sincerely,
[Signature of the Client]
[Name of the Client]
[Signature of the Service Provider]
[Name of the Service Provider]

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Invoice Discounting Agreement Template UK