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The Credit Partner Agreement is essential for organizations looking to establish formal credit service partnerships in the UK market. This document, governed by English and Welsh law, defines the framework for collaboration between credit providers and their partners, including revenue sharing, compliance obligations, and operational requirements. It's particularly crucial given the strict regulatory environment in UK financial services, ensuring compliance with FCA regulations and consumer protection laws. The agreement typically includes detailed provisions for credit assessment, risk sharing, and customer service standards.

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement, including regulatory status of parties

3. Definitions: Key terms used throughout the agreement, including regulatory and financial definitions

4. Services: Description of credit partnership services and scope of collaboration

5. Financial Terms: Payment terms, fees, revenue sharing arrangements, and financial obligations

6. Compliance Requirements: Regulatory obligations, FCA compliance requirements, and reporting obligations

7. Data Protection: GDPR compliance, data processing terms, and data security requirements

8. Term and Termination: Duration of agreement, termination rights, and post-termination obligations

9. Confidentiality: Protection of confidential information and trade secrets

10. Representations and Warranties: Key promises and statements made by each party

11. Liability and Indemnification: Limitations of liability and indemnification obligations

12. General Provisions: Standard boilerplate clauses including governing law and jurisdiction