Vendor Finance Agreement

WHAT’S IT FOR?

A Vendor Finance Agreement is an agreement between a vendor and purchaser, under which a vendor agrees to lend all or part of the purchase price of a business to the purchaser. It is often used where a purchaser does not have the full funds available to afford the purchase of a business, and so the seller agrees to ‘loan’ part of purchase price to the buyer for a set period, at an agreed interest rate. A Vendor Finance Agreement includes important provisions, such as the repayment schedule, interest amounts and what will happen if the borrower defaults on the repayments. It is important you engage a lawyer to ensure you are appropriately protected.

WHAT’S INCLUDED?

We’ll draft a Vendor Finance Agreement in accordance with your requirements.

This package includes:

• Drafting a Vendor Finance Agreement in accordance with the requirements of your business
• Phone consultations (up to 60 minutes) with a sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the document
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft

Please note this package does not include any negotiation support, assistance with due diligence, assistance with any settlement processes or review of any other documents. If you require negotiation support or a review of any documents, we will need to set up an additional quote.