The Installment Purchase Contract is commonly used in Hong Kong for both business-to-business and business-to-consumer transactions where goods are sold with payment spread over time. This document type is essential when parties wish to structure a purchase with regular periodic payments while ensuring the seller maintains security over the goods until full payment is received. It must comply with Hong Kong's legal framework, particularly the Hire Purchase Ordinance and Sale of Goods Ordinance, and typically includes detailed provisions for payment schedules, title retention, risk transfer, and default scenarios. The agreement is particularly relevant for high-value purchases and requires careful consideration of consumer protection regulations when used in retail contexts. The document should be tailored to specific transaction requirements while maintaining compliance with Hong Kong's mandatory legal provisions regarding installment sales.

1. Parties: Identification of seller and purchaser with full legal names and addresses

2. Background: Context of the transaction and brief description of the arrangement

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

4. Sale and Purchase: Core agreement for the sale and purchase of the goods

5. Description of Goods: Detailed description of the goods being sold including specifications and condition

6. Purchase Price and Payment Terms: Total purchase price, installment amounts, payment schedule, and payment methods

7. Delivery and Risk: Terms regarding delivery, transfer of possession, and risk allocation

8. Title and Ownership: Retention of title provisions until full payment is made

9. Warranties and Representations: Warranties regarding the goods and representations by both parties

10. Default and Remedies: Consequences of default and available remedies for both parties

11. Insurance: Requirements for insurance of goods during the installment period

12. Termination: Circumstances and procedures for contract termination

13. General Provisions: Standard boilerplate clauses including notices, amendments, governing law