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How to write your Extending Credit to Client Application

We include this 3 page template with Contractors Contract Pack and the Proposal Kit Professional. You will get more content and software automation for data merging, managing client documents, and creating proposals with line item quoting with a Contract Pack or the Professional.

Supported Operating Systems LogosDOWNLOADABLE, ONE-TIME COST, NO SUBSCRIPTION FEES
Use the Extending Credit to Client Application if you are considering extending credit to a client. Use this application form for gathering information from the client.
Document Length: 3 Pages
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1. Get Contractors Contract Pack or the single template that includes this business contract document.

We include this contract in editable Word format that can be customized using your office software.

2. Download and install after ordering.

Once you have ordered and downloaded your template or pack, you will have all the content you need to get started.

3. Customize the contract template with your information.

You can customize the contract document as much as you need. If you get a Contract Pack or Professional Bundle, you can also use the included Wizard software to automate name/address data merging.

Extending Credit to Client Application

How to write my Extending Credit to Client Application document

Date: Account Manager

Credit Limit Requested:

Name of Business

Telephone: Fax:

If billing address is not the same as above. Ownership Individual: Y/N Partnership: Y/N Corporation: Y/N. Name(s) of Corporate Officers, Owners or Partners. Job title of signator, authorized signature or signer.

Date Incorporated: Duns #:

SIC#: # of Years in Business:

If you are requiring Tax-Exempt Status, please attach appropriate documentation.

Tax Exempt #: State:

Accounts Payable

Name: Telephone:

Will a purchase order be required: Y/N. Please list names of individuals, agents or employees authorized to order, receive or pick up products and materials. Job title of signator, authorized signature or signer.

Trade References:

Banking Information:

Type of Account: Savings: Y/N Checking: Y/N Credit: Y/N.

Institution Name: Account #:

Address: Contact:

City: Job title of signator, authorized signature or signer.

State, Postal: Telephone:

I, the undersigned, do hereby attest to the financial responsibility, ability and willingness to pay our invoices in a timely manner and in accordance with the Net terms circled below. I understand that a 1.5% per month late charge may be applied to any outstanding or overdue balance owed Company Name. Signature: Job title of signator, authorized signature or signer. For all new customers or new orders, all balances must be prepaid in full.

For orders made subject to a credit application, please allow for 3 - 5 business days for processing and review. All credit terms offered are subject to a verification of the application information and the customer's credit history and references. All customers will be subject to any taxes, tariffs or other levies imposed upon goods and services as required by State or Federal law unless proper resale or exemption documentation is presented to the Company.

Assigned Customer Account Number:

Assigned By signator, authorized signature or signer

Date:

Account Payment Terms: (Circle One) COD / Net 30 Days / Net 60 Days / Net 90 Days.

Account Representative Assigned to Customer : Phone Number:

Department or Group Number:

The complete Extending Credit to Client Application - with the actual formatting and layout - is available as a single template or as part of a library of related templates in a Contract Pack or the Professional Bundle.
Extending Credit to Client Application

15% Off Discount

Alternate documents are those which may be used instead of this document depending on your situation. Alternate documents may be better suited for projects of different sizes, more specialized projects, and variations on rights.

Alternate Documents

Related documents may be used in conjunction with this document depending on your situation. Many related documents are intended for use as part of a contract management system.

Related Documents

Key Takeaways

  • The Extending Credit to Client Application is available as a ready-to-edit template.
  • The Contract Packs and Professional Bundle include many related agreements and documents.
  • You can automate financials and data merging into contracts using a Contract Pack or Professional Bundle.
  • You can also create business proposals and integrate your contracts using the Professional Bundle.
  • There are no ongoing subscription fees. You get lifetime unlimited use.

How to Build a Legal Contract with Proposal Kit

This video illustrates how to create a legal contract using the Proposal Pack Wizard software. It also shows how to create a proposal with an invoice and contract at the same time.

Frequently Asked Questions

How do I customize this contract to fit my business needs?

Customizing this contract involves editing the document to include your business details, terms, and conditions. The templates are designed to be flexible, allowing you to insert your company's name, address, and other relevant information. You can modify clauses to reflect your unique business practices and legal requirements.

Is this contract compliant with laws and regulations?

The legal contract templates are written by legal professionals and designed to comply with current laws and regulations at the time of their writing. However, laws can vary by jurisdiction and change over time, so it's recommended to have your contract reviewed by a local attorney to ensure it meets all legal requirements specific to your region and industry. Templates are licensed as self-help information and not as legal advice.

Can I use the same contract for different clients or projects?

You can use the same contract for different clients or projects. The templates are versatile and easily adapted for various scenarios. You will need to update specific details such as client names, project descriptions, and any unique terms for each new agreement to ensure that each contract accurately reflects the particulars of the individual client or project.

What should I do if I encounter a clause or term I don't understand?

If you encounter a clause or term in the contract that you need help understanding, you can refer to guidance notes explaining each section's purpose and use. For more complex or unclear terms, it's advisable to consult with a legal professional who can explain the clause and help you determine if any modifications are necessary to suit your specific needs.

How do I ensure that the contract is legally binding and enforceable?

To ensure that the contract is legally binding and enforceable, follow these steps:

  • Complete all relevant sections: Make sure all blanks are filled in with accurate information.
  • Include all necessary terms and conditions: Ensure that all essential elements, such as payment terms, deliverables, timelines, and responsibilities, are clearly defined.
  • Signatures: Both parties must sign the contract, and it is often recommended that the contract be witnessed or notarized, depending on the legal requirements in your jurisdiction.
  • Consult a legal professional: Before finalizing the contract, have it reviewed by an attorney to ensure it complies with applicable laws and protects your interests.

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Disclaimers

Proposal Kit, Inc. makes no warranty and accepts no responsibility for the suitability of any materials to the licensee's business. Proposal Kit, Inc. assumes no responsibility or liability for errors or inaccuracies. Licensee accepts all responsibility for the results obtained. The information included is not legal advice. Names in use cases have been fictionalized. Your use of the contract template and any purchased packages constitutes acceptance and understanding of these disclaimers and terms and conditions.

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