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Conditional Sale Agreement
I need a Conditional Sale Agreement for the sale of industrial manufacturing equipment worth CAD 500,000 to a company in Ontario, with monthly payments over 36 months and retention of title until final payment in March 2025.
1. Parties: Identification of the seller and buyer with full legal names and addresses
2. Background: Context of the transaction and brief description of the arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Description of goods being sold and basic terms of the sale
5. Purchase Price and Payment: Details of the price, payment schedule, and interest charges
6. Title and Security Interest: Retention of title provisions and security interest details
7. Delivery and Acceptance: Terms regarding delivery of goods and acceptance procedures
8. Representations and Warranties: Warranties regarding the goods and representations by both parties
9. Insurance and Risk: Requirements for insurance and allocation of risk
10. Default and Remedies: Events of default and available remedies
11. Maintenance and Use: Obligations regarding maintenance and permitted use of goods
12. General Provisions: Standard boilerplate clauses including notices, amendments, governing law
1. Guarantee: Required when there is a guarantor for the buyer's obligations
2. Special Delivery Requirements: Used when specific delivery arrangements or installations are needed
3. Trade-In: Include when there is a trade-in component to the transaction
4. Assignment: Detailed assignment provisions if assignment rights are important
5. Import/Export Requirements: Required for cross-border sales
6. Software/Intellectual Property: Include when the goods include software or IP components
7. Training and Support: Required when seller must provide training or ongoing support
8. Return/Exchange Rights: Include for consumer transactions or when specific return rights are granted
1. Schedule A - Description of Goods: Detailed description of goods including serial numbers, specifications
2. Schedule B - Payment Schedule: Detailed payment terms including dates, amounts, and interest calculations
3. Schedule C - Delivery Schedule: Specific delivery dates and locations if multiple deliveries
4. Schedule D - Maintenance Requirements: Detailed maintenance and servicing requirements
5. Schedule E - Insurance Requirements: Specific insurance requirements and minimum coverage
6. Appendix 1 - PPSA Financing Statement: Copy of or reference to PPSA financing statement
7. Appendix 2 - Certificate of Acceptance: Form for buyer to acknowledge receipt and acceptance of goods
Authors
Applicable Law
Business Day
Buyer
Closing Date
Collateral
Commencement Date
Conditional Period
Default Interest Rate
Default Notice
Delivery Date
Delivery Location
Deposit
Down Payment
Encumbrance
Event of Default
Goods
Guarantor
Insurance Requirements
Installation
Interest Rate
Maintenance Requirements
Material Adverse Change
Payment Date
Payment Schedule
Permitted Use
PPSA
Purchase Price
Related Rights
Required Insurance
Sale Interest
Security Interest
Seller
Specifications
Term
Title
Total Amount Payable
Transaction Documents
Warranty Period
Payment Terms
Title Retention
Security Interest
Delivery
Acceptance
Risk of Loss
Insurance
Representations and Warranties
Maintenance and Use
Default
Remedies
Assignment
Notice
Force Majeure
Entire Agreement
Governing Law
Dispute Resolution
Confidentiality
Indemnification
Termination
Amendment
Severability
Further Assurance
Waiver
Time of Essence
Costs and Expenses
Set-off
Survival
Counterparts
Manufacturing
Automotive
Industrial Equipment
Construction
Technology
Agriculture
Medical Equipment
Transportation
Heavy Machinery
Office Equipment
Retail
Legal
Finance
Sales
Procurement
Risk Management
Operations
Compliance
Credit Management
Contract Administration
Sales Manager
Commercial Director
Legal Counsel
Finance Manager
Credit Manager
Procurement Manager
Contract Administrator
Risk Manager
Business Development Manager
Operations Manager
Chief Financial Officer
Compliance Officer
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