For the wholesale supply of goods to customers on credit (eg. 30 day payment terms)
If you sell goods/products to customers on a wholesale or credit basis (eg. you allow your customers to pay you after they have received the goods/products from you) then you need them to sign a Credit Account Application with you, to ensure you are best protected from a legal standpoint. Having a good Credit Account Application can significantly increase your chances of recovering payment from your customer, especially in circumstances where they go broke before they pay you!
Your ELBizDocs Credit Account Application will allow you to collect the correct details from your customer to assist you in recovering any debt owed by them in the future. It will also ensure that you have a legal right collect the correct information to allow you to register your interest in the goods/products supplied to the customer on the Personal Property Securities Register (the PPSR) – this will be particularly important if the customer goes into liquidation or administration and you want to take back the goods/products you have supplied them (if they have not yet on-sold them). If you do not have a well-drafted Credit Account Application, supported by valid PPSR registrations, you will not have any legal right to recover the goods/products! A signed Credit Account Application supported by valid PPSR registrations will also ensure that payment of your debt takes priority over payment to other creditors.
If you purchase this Credit Account Application, you will receive:
Contact us first before purchasing this ELBizDoc if any of the following apply:
This Interview will take approximately 10 minutes to complete.
Before starting, you will need to have handy:
By hitting 'Start' on this Interview, you acknowledge and agree: