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Conditional Sales Agreements
I need a Conditional Sales Agreement for selling industrial manufacturing equipment (value: $500,000) to a business buyer in Ontario, with monthly installments over 36 months starting March 2025, including specific maintenance requirements and operator training provisions.
1. Parties: Identifies and provides full details of the seller and buyer, including legal names, addresses, and any registration numbers
2. Background: Explains the context of the sale and confirms the seller's ownership of the goods and buyer's interest in purchasing them
3. Definitions: Defines key terms used throughout the agreement, including 'Goods', 'Purchase Price', 'Condition Precedent', etc.
4. Sale of Goods: Details the goods being sold and confirms the conditional nature of the sale
5. Purchase Price and Payment Terms: Specifies the total price, deposit requirements, payment schedule, and interest rates
6. Title and Risk: Clarifies that title remains with seller until full payment, while risk passes to buyer upon delivery
7. Delivery and Acceptance: Specifies delivery terms, inspection rights, and acceptance procedures
8. Security Interest: Establishes seller's security interest in the goods until full payment
9. Buyer's Covenants: Lists buyer's obligations regarding maintenance, insurance, and use of goods
10. Default and Remedies: Defines events of default and outlines seller's remedies, including repossession rights
11. General Terms: Standard contract provisions including notices, amendments, and governing law
1. Insurance Requirements: Detailed insurance provisions for high-value goods or commercial sales
2. Location and Movement of Goods: Restrictions on relocating goods, required for items that should remain at a fixed location
3. Third-Party Rights: Required when third parties have interests in the goods or may use them
4. Export Controls: Necessary for goods that may be subject to export restrictions
5. Maintenance Requirements: Detailed maintenance obligations for complex equipment or machinery
6. Consumer Protection Provisions: Additional provisions required for consumer sales under applicable legislation
7. Trade-In Provisions: Required when part of the purchase involves a trade-in of other goods
8. Installation and Training: Necessary for goods requiring professional installation or user training
1. Schedule A - Description of Goods: Detailed description of goods including serial numbers, specifications, and condition
2. Schedule B - Payment Schedule: Detailed breakdown of payment amounts, due dates, and interest calculations
3. Schedule C - Delivery Details: Specific delivery instructions, timeline, and acceptance criteria
4. Schedule D - Warranty Terms: Detailed warranty terms, conditions, and claim procedures
5. Schedule E - Insurance Requirements: Specific insurance coverage requirements and minimum policy terms
6. Appendix 1 - Maintenance Protocol: Required maintenance procedures and schedules
7. Appendix 2 - Return Conditions: Conditions the goods must meet if returned or repossessed
8. Appendix 3 - Operating Instructions: Basic operating procedures and safety instructions for the goods
Authors
Applicable Law
Business Day
Buyer
Closing Date
Collateral
Conditions Precedent
Default Event
Default Rate
Delivery Date
Deposit
Effective Date
Encumbrance
Force Majeure
Goods
Governing Law
Guarantee
Insurance Requirements
Interest Rate
Location of Goods
Maintenance Requirements
Material Adverse Change
Payment Date
Payment Schedule
Permitted Use
Purchase Price
PPSA
Registration
Related Agreements
Security Interest
Seller
Term
Title Documents
Total Amount Payable
Transaction Documents
Warranty Period
Event of Default
Installation Requirements
Operating Instructions
Permitted Location
Purchase Order
Repossession Rights
Schedule of Payments
Secured Obligations
Specifications
Trade-In Value
Title Retention
Payment Terms
Security Interest
Delivery
Risk Transfer
Insurance
Maintenance and Use
Warranties and Representations
Default and Remedies
Repossession Rights
Assignment and Transfer
Notice Requirements
Force Majeure
Indemnification
Confidentiality
Dispute Resolution
Governing Law
Entire Agreement
Amendment
Severability
Further Assurance
Costs and Expenses
Interest and Charges
Registration and Filing
Inspection Rights
Location of Goods
Export Controls
Consumer Protection
Termination
Third Party Rights
Retail
Automotive
Manufacturing
Construction
Agriculture
Technology
Industrial Equipment
Consumer Goods
Heavy Machinery
Medical Equipment
Office Equipment
Transportation
Energy
Legal
Sales
Finance
Risk Management
Operations
Procurement
Compliance
Credit Management
Contract Administration
Business Development
Sales Manager
Commercial Director
Legal Counsel
Contract Administrator
Finance Manager
Credit Manager
Risk Manager
Business Development Manager
Procurement Manager
Operations Manager
Compliance Officer
Legal Operations Manager
Chief Financial Officer
Sales Director
Account Executive
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