Deferred Purchase Agreement for the United Kingdom

Deferred Purchase Agreement Template for England and Wales

A Deferred Purchase Agreement under English and Welsh law is a legally binding contract where a buyer agrees to purchase assets from a seller with payment spread over an agreed period, rather than paid in full at completion. The agreement sets out the terms of payment, transfer of title, risk allocation, and any security arrangements. It includes specific provisions for default, interest charges, and early payment options, while complying with English contract law principles and relevant statutory requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Deferred Purchase Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Deferred Purchase Agreement?

The Deferred Purchase Agreement is commonly used when parties wish to structure an asset purchase with payments spread over time, offering flexibility for the purchaser while providing security for the seller. This document, governed by English and Welsh law, details payment schedules, asset descriptions, title transfer timing, and any security arrangements. It's particularly useful for high-value asset purchases where immediate full payment isn't practical or desired. The agreement must comply with the Sale of Goods Act 1979 and related legislation, while providing clear mechanisms for enforcement and dispute resolution.

What sections should be included in a Deferred Purchase Agreement?

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement, including recitals

3. Definitions: Key terms used throughout the agreement

4. Purchase Price and Payment Terms: Details of consideration, payment schedule, and deferral arrangements

5. Asset Description: Detailed description of assets being purchased

6. Title and Risk: When title passes and risk allocation

7. Completion: Completion mechanics and requirements

8. Representations and Warranties: Standard warranties about asset ownership and condition

What sections are optional to include in a Deferred Purchase Agreement?

1. Security Arrangements: Details of any security for deferred payments - used when payment is secured against assets

2. Interest Provisions: Terms for interest on deferred amounts - used when interest is charged on deferred payments

3. Early Payment Provisions: Terms for early settlement - used when early payment options are available

What schedules should be included in a Deferred Purchase Agreement?

1. Asset Schedule: Detailed list and description of assets being purchased

2. Payment Schedule: Detailed payment dates and amounts

3. Form of Security: Template security documentation (optional)

4. Condition Report: Current condition of assets (optional)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Purchase Agreement

Cost

Free to use
Industries

Sale of Goods Act 1979: Primary legislation governing sale of goods contracts, defining rights and obligations of buyers and sellers including title, description, quality, and fitness for purpose

Law of Property (Miscellaneous Provisions) Act 1989: Governs formalities for creation and transfer of interests in property and requirements for contracts

Unfair Contract Terms Act 1977: Regulates contracts by restricting how far civil liability for breach of contract can be avoided using contract terms

Consumer Rights Act 2015: Main consumer protection legislation, applying when one party is a consumer, covering quality rights, unfair terms, and remedies

Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices between traders and consumers, including misleading actions and aggressive practices

Consumer Contracts Regulations 2013: Provides rules for distance selling and off-premises contracts, including cancellation rights and information requirements

Late Payment of Commercial Debts (Interest) Act 1998: Provides for statutory interest on late payments in commercial transactions

Financial Services and Markets Act 2000: Regulates financial services industry and financial products, relevant if agreement involves financial services

Value Added Tax Act 1994: Primary legislation for VAT, crucial for determining tax treatment of deferred payments and goods/services

Insolvency Act 1986: Contains provisions relevant to creditor rights and transaction validity in case of insolvency

Companies Act 2006: Primary legislation governing company operations, relevant when parties are corporate entities

Limitation Act 1980: Sets statutory time limits for bringing legal claims relating to contracts and other civil matters

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Stock Purchase Agreement Form

An England & Wales legal document detailing terms for company share transfers in M&A transactions.

find out more

Standard Purchase Agreement

An England & Wales contract documenting the sale and purchase of goods, detailing terms and legal compliance.

find out more

Simple Stock Purchase Agreement

An England & Wales legal document facilitating straightforward share transfers with essential terms and protections.

find out more

Residential Real Estate Contract

An England & Wales legal document detailing terms for transferring residential property ownership between parties.

find out more

Purchase Sale Contract

An England & Wales legal document outlining terms for the sale of goods, ensuring compliance and protecting parties' interests.

find out more

Purchase Agreement Letter

An England & Wales document confirming purchase terms between buyer and seller for goods or services.

find out more

Purchase Agreement Extension

An England & Wales legal document extending a purchase agreement's term with updated terms and conditions.

find out more

Probate Purchase Agreement

An England & Wales legal document facilitating estate asset transactions before probate is granted.

find out more

Private Sale Purchase Agreement

An England & Wales legal document detailing terms of a private sale, ensuring clarity and protection for parties involved.

find out more

Personal Property Purchase Agreement

An England & Wales legal document detailing the sale and transfer of personal property ownership.

find out more

Owner To Owner House Sale Contract

An England & Wales legal document facilitating direct property sales between owners, ensuring compliance with property laws.

find out more

Option To Purchase Contract

An England & Wales legal document granting future property purchase rights under specified conditions.

find out more

Offer And Agreement To Purchase Mobile Home

An England & Wales legal document for transferring mobile home ownership, detailing terms and protecting involved parties.

find out more

Mobile And Manufactured Home Purchase Agreement And Sales Contract

An England & Wales contract for buying and selling mobile or manufactured homes, ensuring legal compliance.

find out more

Manufactured Home Purchase Agreement

An England & Wales legal document for transferring ownership of a manufactured home, ensuring compliance with relevant legislation.

find out more

Letter Of Sales Agreement

An England & Wales document formalizing sales terms, including product details and pricing, without a full contract.

find out more

Lease With Option To Buy Commercial Property

An England & Wales legal document allowing businesses to lease with an option to purchase commercial property.

find out more

Lease Contract Buy Out Agreement

An England & Wales legal document outlining terms for early lease termination and compensation agreement.

find out more

Land Sell Agreement Form

An England & Wales legal document detailing the transfer of land ownership between seller and buyer.

find out more

Earnest Money Form

An England & Wales legal document outlining family asset distribution and management across generations.

find out more

Dealer Purchase Agreement

An England & Wales legal document resolving disputes through negotiation, preserving business relationships and avoiding litigation.

find out more

Cross Purchase Agreement

An England & Wales legal document modifying divorce terms, requiring court approval for financial or child-related changes.

find out more

Contract For Selling A Car Privately

An England & Wales legal document formalizing private accident settlements, detailing compensation, liability, and confidentiality terms.

find out more

Commercial Letter Of Intent To Purchase

An England & Wales agreement defining business interactions, performance metrics, and accountability between organizations.

find out more

Buy Tenancy Agreement

An England & Wales legal document granting authority for property management and transactions.

find out more

Agreement To Sell Personal Property

An England & Wales document recording fax transmission details for legal and compliance purposes.

find out more

Agreement For Sale And Agreement Of Sale

A legally binding contract under English and Welsh law documenting the terms and conditions of a property or asset sale between parties.

find out more

Commercial Real Estate Contract Form

A legally binding contract form for commercial property transactions in England and Wales, outlining terms and conditions of sale.

find out more

Land Selling Agreement Letter

A formal letter agreement used in England and Wales to document the terms and conditions of a property sale between parties.

find out more

Software Source Code Purchase Agreement

A legal agreement under English and Welsh law for the purchase and transfer of software source code ownership, including all associated intellectual property rights and documentation.

find out more

Option Purchase Contract Car

A contract under English and Welsh law granting the right to purchase a specified vehicle at a predetermined price within an agreed timeframe.

find out more

Gas Station Purchase Agreement

A legal agreement under English and Welsh law for the purchase and sale of a gas station business, including property and associated assets.

find out more

Mobile Home Park Purchase Agreement

A legal agreement under English and Welsh law for the purchase and sale of a mobile home park, including transfer of land, licenses, and existing tenant obligations.

find out more

Semi Truck Purchase Agreement Form

A legal agreement for semi-truck sales and purchases under English and Welsh law, detailing transaction terms and conditions.

find out more

Horse Lease Agreement With Option To Purchase

An English law agreement setting out terms for horse leasing with a future purchase option.

find out more

Commercial Real Estate Purchase Agreement Form

A legal agreement for commercial property sales under English and Welsh law, defining terms and conditions of the transfer.

find out more

New Construction Purchase Agreement

A legally binding agreement under English and Welsh law for the purchase of newly constructed property, setting out construction specifications, warranties, and completion terms.

find out more

Contract For Selling A House Privately

A contract under English and Welsh law for the private sale of residential property between seller and buyer without estate agent involvement.

find out more

New Construction Purchase And Sale Agreement

A legally binding agreement under English and Welsh law governing the sale of newly constructed properties from developers to purchasers.

find out more

Contract For Selling A House By Owner

An English and Welsh law contract for direct property sale between owner and buyer without estate agent involvement.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now