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Credit Partner Agreement
"I need a Credit Partner Agreement for a partnership between my fintech company and a major Indian bank, focusing on digital lending to small businesses, with specific provisions for AI-based credit scoring and real-time loan disbursement capabilities."
1. Parties: Identification and details of all parties entering into the agreement
2. Background: Context of the agreement, including the business relationship and purpose
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Partnership: Detailed outline of the credit partnership arrangement and its boundaries
5. Rights and Obligations: Specific rights and responsibilities of each party in the credit partnership
6. Credit Assessment and Approval Process: Procedures and criteria for credit assessment and approval
7. Financial Terms: Details of revenue sharing, fees, charges, and payment terms
8. Operational Procedures: Day-to-day operational processes and requirements
9. Compliance Requirements: Regulatory compliance obligations and requirements
10. Representations and Warranties: Statements of fact and assurances by all parties
11. Confidentiality: Protection and handling of confidential information
12. Term and Termination: Duration of agreement and conditions for termination
13. Dispute Resolution: Process for handling disputes between parties
14. Governing Law: Applicable law and jurisdiction
15. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Data Protection and Privacy: Specific provisions for handling personal and financial data, required if dealing with individual customer data
2. Technology Integration: Details of technical integration between partners' systems, needed if digital platforms are involved
3. Insurance Requirements: Specific insurance obligations, relevant when credit risks need to be covered
4. Training and Support: Requirements for training staff and ongoing support, important for complex credit products
5. Marketing and Branding: Guidelines for co-branding and marketing activities, needed if joint promotion is involved
6. Audit Rights: Provisions for audit and inspection rights, important for high-value partnerships
7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in uncertain markets
1. Schedule 1 - Credit Products: Detailed description of credit products covered under the agreement
2. Schedule 2 - Fee Structure: Comprehensive breakdown of all fees, charges, and revenue sharing arrangements
3. Schedule 3 - Operating Procedures: Detailed operational processes, workflows, and timelines
4. Schedule 4 - Compliance Checklist: List of regulatory requirements and compliance procedures
5. Schedule 5 - Service Levels: Service level agreements and performance metrics
6. Appendix A - Documentation Requirements: List of required documents for credit assessment and processing
7. Appendix B - Risk Management Framework: Details of risk assessment and management procedures
8. Appendix C - Technical Specifications: Technical requirements and API specifications if applicable
9. Appendix D - Key Contacts: List of key personnel and escalation matrix
Authors
Banking & Financial Services
Financial Technology
Retail
E-commerce
Insurance
Technology
Telecommunications
Consumer Finance
Small Business Lending
Microfinance
Legal
Compliance
Risk Management
Finance
Operations
Business Development
Partnerships
Credit Assessment
Technology
Data Protection
Product Management
Account Management
Chief Executive Officer
Chief Financial Officer
Chief Risk Officer
Head of Partnerships
Legal Counsel
Compliance Officer
Credit Manager
Partnership Manager
Risk Assessment Manager
Operations Manager
Business Development Director
Financial Controller
Technology Integration Manager
Data Protection Officer
Product Manager - Credit
Account Manager
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