The Credit Sale Agreement is used when a party wishes to purchase assets while receiving credit financing from the seller or an associated financial institution. This document type is particularly common in German commercial practice and must comply with the strict requirements of German law, including the Civil Code (BGB), Banking Act (KWG), and consumer protection regulations. The agreement typically includes detailed provisions on the asset being sold, credit terms, security arrangements, and mandatory consumer protection clauses. It's essential for transactions involving significant assets where immediate full payment isn't feasible or desirable, and the parties prefer to combine the sale and financing arrangements in a single document rather than having separate sale and loan agreements.

1. Parties: Identification of the seller/creditor and buyer/debtor, including full legal names and addresses

2. Background: Context of the transaction, relationship between parties, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including financial terms and technical descriptions

4. Sale and Purchase: Description of the asset(s) being sold and purchased, including specifications and delivery terms

5. Purchase Price: Total purchase price, payment structure, and credit amount

6. Credit Terms: Interest rate, repayment schedule, payment methods, and annual percentage rate (APR)

7. Security: Details of any security interest in the asset, retention of title provisions

8. Conditions Precedent: Conditions that must be satisfied before the agreement becomes effective

9. Representations and Warranties: Statements of fact and assurances from both parties

10. Covenants: Ongoing obligations of the parties during the credit term

11. Default: Events of default and their consequences

12. Termination: Circumstances and procedures for early termination

13. Notices: Communication requirements and contact details

14. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction