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1. Parties: Identifies and provides full legal details of the seller and buyer
2. Background: Explains the context of the sale and the parties' intention to enter into a payment plan arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Sale of Goods: Details the goods being sold, including specifications, quantity, and quality standards
5. Purchase Price: Specifies the total purchase price and any applicable taxes
6. Payment Plan Terms: Outlines the payment schedule, installment amounts, and payment methods
7. Interest and Late Payments: Specifies interest rates, late payment penalties, and consequences of default
8. Delivery and Transfer of Title: Details delivery arrangements and when title passes to the buyer
9. Security Interest: Establishes seller's security interest in the goods until full payment
10. Warranties and Representations: States warranties provided by the seller and representations made by both parties
11. Default and Remedies: Specifies what constitutes default and available remedies
12. General Terms: Includes standard contract clauses such as notices, amendments, and governing law
13. Execution: Signature blocks and execution details
1. Insurance: Required when goods need specific insurance coverage during payment term
2. Maintenance and Use: Include when goods require specific maintenance or have usage restrictions during payment term
3. Early Payment Provisions: Add when early payment discounts or prepayment terms are offered
4. Assignment: Include when either party may need to assign rights or obligations
5. Trade-In: Required when the sale involves trade-in of existing goods
6. Return Policy: Include for sales where returns may be permitted despite payment plan
7. Installation: Add when goods require professional installation or setup
8. Training: Include when product training or orientation is part of the sale
1. Schedule A - Product Specifications: Detailed technical specifications of the goods
2. Schedule B - Payment Schedule: Detailed breakdown of payment dates, amounts, and interest calculations
3. Schedule C - Delivery Schedule: Specific delivery dates and locations if multiple deliveries are involved
4. Schedule D - Warranty Terms: Detailed warranty terms and conditions
5. Appendix 1 - Maintenance Requirements: Detailed maintenance procedures and schedules if applicable
6. Appendix 2 - Insurance Requirements: Specific insurance requirements and coverage details
7. Appendix 3 - Return Procedures: Detailed procedures for returns if applicable
8. Appendix 4 - Trade-In Valuation: Details of trade-in item valuation if applicable
Applicable Law
Business Day
Buyer
Closing Date
Confidential Information
Default Event
Default Interest Rate
Delivery Date
Deposit
Down Payment
Effective Date
Goods
Governing Law
Installation
Installment Payment
Interest Rate
Late Payment Fee
Maintenance Requirements
Material Adverse Change
Notice
Payment Due Date
Payment Plan
Payment Schedule
Purchase Price
Related Documents
Security Interest
Seller
Specifications
Term
Title
Transfer Date
Warranty Period
Working Hours
Purchase Price
Payment Terms
Interest Rate
Security Interest
Title Transfer
Delivery
Acceptance
Warranties
Risk and Insurance
Default
Remedies
Representations
Confidentiality
Force Majeure
Assignment
Termination
Dispute Resolution
Governing Law
Indemnification
Notices
Amendment
Entire Agreement
Severability
Waiver
Counterparts
Further Assurances
Time of Essence
Product Specifications
Installation
Maintenance
Return Rights
Late Payment
Early Payment
Quality Standards
Inspection Rights
Storage
Transport
Insurance Requirements
Default Interest
Acceleration
Collection Costs
Retail
Manufacturing
Automotive
Construction
Industrial Equipment
Consumer Goods
Technology
Furniture
Agricultural Equipment
Medical Equipment
Heavy Machinery
Home Improvement
Legal
Finance
Sales
Commercial
Credit
Risk Management
Operations
Procurement
Compliance
Collections
Customer Service
Business Development
Sales Manager
Finance Director
Legal Counsel
Commercial Director
Credit Manager
Business Development Manager
Contracts Administrator
Risk Manager
Chief Financial Officer
Operations Manager
Procurement Manager
Compliance Officer
Account Executive
Collections Manager
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