Charge Account Terms and Conditions Template

This charge account terms and conditions template has 2 pages and is a MS Word file type listed under our credit & collection documents.

Sample of our charge account terms and conditions template:

CHARGE ACCOUNT TERMS AND CONDITIONS This Agreement is made and effective [EFFECTIVE DATE], BETWEEN: [YOUR COMPANY NAME] (the "Seller"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [CUSTOMER NAME] (the "Customer"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] It is agreed as follows: Buyer agrees with seller [Seller's name] to pay for all purchases upon receipt of monthly statement. Charges billed, but not paid by the [Day]th of the month following purchase will be considered delinquent and subject to finance charges. The FINANCE CHARGE for individuals is computed by a periodic rate of [%] per month which is an ANNUAL PERCENTAGE RATE OF [%] applied to the "Previous Unpaid Balance less Current Credits." Current credits are payments or credits received by [Time] A.M. on the [Day]th day of the following month. The minimum payment due will be payment of Buyer's indebtedness in full. If not paid, [Seller's name] may declare the unpaid balance due and payable immediately