Deferred Payment Agreement

Suppliers, use this template to prepare a Deferred Payment Agreement for a trusted customer, under which the supplier agrees to regularly supply inventory and parts to the customer, and defer payment as set out in the Agreement.

Payment will be made in arrears and the customer will be invoiced weekly.
Regular shipments will be estimated and determined based on the customer's recent ordering history.
The supplier retains ownership of the goods until full payment is made, and both parties will carry insurance on the stock.
The supplier has the right to do a physical inventory on the customer's premises each year.

This Deferred Payment Agreement is provided in MS Word format, and can be easily edited to fit your specific circumstances.