Drafting of Credit Documentation

”In full and final settlement” …or is it? (Properly Drafting Settlement Agreements)

Commercial Collections, Consumer Collections, Drafting of Credit Documentation /

Settlement agreements form an essential part of commercial debt repayments. By acting as a recording of the agreed terms of the repayment, such agreements are meant to provide certainty as to the intention of the parties. It is for this very reason that the terms of settlement agreements should always be in writing and be […]

”In full and final settlement” …or is it? (Properly Drafting Settlement Agreements) Read More »

When does the National Credit Act Apply to a Transaction?

Commercial Collections, Consumer Collections, Drafting of Credit Documentation, Legal Opinions & Compliance /

The Test for NCA Applicability The National Credit Act No. 34 of 2005 (“the NCA” or “Act”) has had a significant impact on transactions involving deferred payment and interest in South Africa. However, it has almost become trite law to refer to the interpretive challenges that arise out of the poor drafting, while at the

When does the National Credit Act Apply to a Transaction? Read More »

Credit Application Forms incorporating STC

Commercial Collections, Drafting of Credit Documentation, SA Law & Commercial News /

The basis of any sound business relationship between any business extending credit in any form to customers or clients, is a credit application form incorporating standard terms and conditions of trade. The purpose of this document is as a many faceted but the most important functions are: To enable you to properly assess who your

Credit Application Forms incorporating STC Read More »