The Down Payment Contract is a crucial document used in Danish business transactions where a buyer commits to a purchase by making an initial partial payment. This agreement is commonly used in various contexts, from real estate transactions to large equipment purchases, and serves to protect both parties' interests by clearly documenting the terms of the down payment. The contract must comply with Danish law, particularly the Danish Contracts Act and, where applicable, consumer protection regulations. It typically includes essential details such as payment amount, timing, refund conditions, and how the down payment relates to the total purchase price. This document is particularly important in high-value transactions where parties need formal documentation of their commitments and where there may be a significant time gap between the initial payment and the completion of the full transaction.

1. Parties: Identification and details of the buyer (payer) and seller (payee), including full legal names, addresses, and registration numbers if applicable

2. Background: Context of the down payment, including reference to the main transaction or purchase for which the down payment is being made

3. Definitions: Definitions of key terms used throughout the agreement

4. Down Payment Amount: Specification of the down payment amount, currency, and percentage of total purchase price

5. Payment Terms: Details of how and when the down payment must be made, including payment method and deadline

6. Purpose and Application: Description of how the down payment will be applied to the total purchase price

7. Main Transaction Details: Brief description of the main transaction or purchase to which the down payment relates

8. Conditions and Timeframes: Conditions that must be met and relevant timeframes for the main transaction

9. Refund Conditions: Circumstances under which the down payment would be refundable or non-refundable

10. Default Provisions: Consequences of default by either party

11. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes