Drafting Skills · glossary
A fixed sum taken off the charges when the supplier misses a set standard. Kestrow owes a £100 credit for each working day past the repair deadline with no van at all. More than 10 credits in any 3 months let Polgarrow end the Agreement. Agreement, clause 1.1, “Service Credit” · Chapter 6 · see Working Day
Explained in Chapter 6, Best Endeavours vs Reasonable Endeavours Explained, of Drafting Skills.
The main page for this term is Service credit, in White Label SaaS.
A service level is a standard the contract sets and can measure, such as a van back within 2 working days. A service credit is a fixed sum taken off the charges when a service level is missed.Read Chapter 6, Best Endeavours vs Reasonable Endeavours Explained →
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means a credit of £100 against the Charges, given under clause 5.3.Read the definition in the document →
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This term is part of one fictional contract, from term sheet to signing, with every document attached and a test after every chapter. Open Drafting Skills → · All terms A–Z →