The Revolving Credit Agreement is a document that specifies an agreement made between a seller and a buyer, under which the seller agrees to offer the buyer with a revolving credit for carrying out business with them. The revolving credit is an amount of owed money that the seller entrusts on the buyer to facilitate a healthy relationship.
The document helps in ensuring smooth maintenance of this mutual arrangement and protects the interests of the seller in case the buyer makes delays or doesn’t compensate the credit in agreed time.
It is fairly simple to draft the agreement using our document template that contains all the statements and parameters in a pre-written format. You can download the template, insert the detailed specifics such as your name, amount of credit, special terms, penalties etc to complete the process.
The template provides legal authenticity as the documents are attorney verified alongside being easy to edit for revisions.