The Regulations relating to the Exemption of Parents from Payment of School Fees in Public Schools (Government Notice R.1052 in Government Gazette 29311 of 18 October 2006) as amended (‘the Regulations”) afford the parents of learners at public fee-paying schools the opportunity to apply for a full or partial exemption from the payment of school […]
drafting of credit documentation
Here's what Our debt recovery department offers
Our research into the various credit laws coupled with our vast experience in suing debtors and having to overcome various dilatory defences in litigation and dealing with debtor’s efforts to hide and alienate assets has meant we have developed and improved our credit documentation and forms of security over the years
Suretyship documents
Cession of book debts
Pledges
Acknowledgements of debt
Notarial bonds
Other forms of security
Covering bonds
over immovable property
Credit applications
with 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 potential client is, before you start trading with them;
- to incorporate securities, to protect you in the event of your customer defaulting;
- to set out with certainty your trading terms, payment periods and the consequences of non-payment;
- to limit your liability in the event of you or your product’s failure to perform.
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.
We would implore any business granting credit to use a sound good application form incorporating standard terms and conditions of trade. In addition, if your credit application form has not been drafted with the National Credit Act and Consumer Protection Act.
Recent Posts on drafting of credit documentation
What are Public School Fee Exemptions? In terms of the South African Schools Act No. 84 of 1996 read with the Exemption Regulations, a parent at a fee-paying public school is entitled to apply for an exemption from paying their school fees or part of the fees. This fee exemption, in most instances, is determined by the school […]
We welcomed a large group of new school clients in recent times. As times have become financially tough in the last year, we have seen schools get very serious about collection results and performance. We are pleased that the schools below have since the advent of the COVID-19 lockdown, chosen to use our service in […]