When a manufacturer of goods or provider of services supplies goods or services to a customer on terms that do not require the immediate payment of the agreed consideration or obliges the supplier to support the provision of the goods or services in some way with credit, the deferred part of the consideration or the support provided could be described as vendor financing. This article focuses on the supply of goods because this is the situation in which vendor financing is most commonly encountered and examines some of the techniques currently in use, the advantages and disadvantages and current trends.
Please enter your Practical Law username and password below if you do not have Practical Law enabled OnePass account.
Request a free trial
To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail firstname.lastname@example.org.
A free trial will give you:
Unlimited access to Practical Law online know-how
Thousands of market standard documents and clauses
Daily alerts and weekly update e-mails on key legal developments in your practice area