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Conditional Sales Contract

Conditional Sales Contract Template for Ireland

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Key Requirements PROMPT example:

Conditional Sales Contract

Need a Conditional Sales Contract for the sale of industrial manufacturing equipment (value €250,000) to a Dublin-based company, with quarterly installments over 24 months starting March 2025, including maintenance provisions and specific performance testing requirements.

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Document background
The Conditional Sales Contract is a vital commercial document used in Ireland when selling goods on an installment basis while maintaining security through title retention. This agreement type is particularly relevant for high-value goods where the seller wishes to maintain ownership until full payment is received. The document must comply with Irish legislation, including the Sale of Goods Acts, Consumer Credit Act 1995, and relevant EU regulations. It typically includes detailed payment schedules, precise goods descriptions, delivery terms, and specific conditions for title transfer. The agreement provides security for sellers while ensuring fair terms for buyers, making it essential for both B2B and B2C transactions where phased payments are desired.
Suggested Sections

1. Parties: Identification and details of the seller and buyer

2. Background: Context of the transaction and purpose of the agreement

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

4. Sale and Purchase: Core terms of the sale including description of goods and purchase price

5. Payment Terms: Details of payment schedule, installments, and payment conditions

6. Title Retention: Provisions regarding retention of title until full payment is made

7. Delivery and Acceptance: Terms for delivery of goods and acceptance procedures

8. Risk and Insurance: Allocation of risk and insurance requirements for the goods

9. Buyer's Obligations: Key responsibilities and obligations of the buyer

10. Seller's Warranties: Warranties provided by the seller regarding the goods

11. Default and Remedies: Consequences of default and available remedies

12. Termination: Circumstances and procedures for contract termination

13. Notices: Process for serving notices between parties

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

Optional Sections

1. Assignment: Include when either party may need to transfer rights under the contract

2. Security Interest: Include when additional security measures are required beyond title retention

3. Maintenance and Servicing: Include for goods requiring ongoing maintenance or servicing

4. Trade-In Provisions: Include when the sale involves a trade-in of existing goods

5. Early Payment Provisions: Include when early payment options or discounts are offered

6. Third Party Rights: Include when third parties may have rights under the contract

7. Export Restrictions: Include for goods with export restrictions or international sales

Suggested Schedules

1. Schedule 1 - Description of Goods: Detailed specification of goods including model numbers, serial numbers, and features

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments, dates, and amounts

3. Schedule 3 - Delivery Details: Specific delivery instructions, locations, and timelines

4. Schedule 4 - Acceptance Tests: Criteria and procedures for acceptance testing if applicable

5. Schedule 5 - Warranty Terms: Detailed warranty terms and conditions

6. Appendix A - Required Insurance Coverage: Specific insurance requirements and minimum coverage levels

7. Appendix B - Form of Notice: Standard forms for various notices under the agreement

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Automotive

Manufacturing

Industrial Equipment

Construction

Technology

Agricultural Equipment

Medical Equipment

Office Equipment

Renewable Energy

Heavy Machinery

Relevant Teams

Legal

Finance

Sales

Commercial

Risk Management

Compliance

Operations

Credit Control

Business Development

Contract Administration

Relevant Roles

Sales Director

Commercial Director

Legal Counsel

Contract Manager

Finance Manager

Credit Controller

Sales Manager

Business Development Manager

Risk Manager

Compliance Officer

Operations Manager

Chief Financial Officer

General Counsel

Account Executive

Industries
Sale of Goods Act 1893: Foundational legislation governing the sale of goods in Ireland, defining basic rights and obligations of buyers and sellers
Sale of Goods and Supply of Services Act 1980: Updates and modernizes the 1893 Act, adding provisions for consumer protection and implied terms in sales contracts
Consumer Credit Act 1995: Regulates credit agreements and hire-purchase contracts, including conditional sale agreements, setting out requirements for documentation and consumer rights
European Communities (Unfair Terms in Consumer Contracts) Regulations 1995: Implements EU directive on unfair contract terms, protecting consumers from unfair standard contract terms
Consumer Protection Act 2007: Provides general consumer protection measures and prohibits unfair commercial practices
Central Bank Consumer Protection Code 2012: Sets out rules for financial institutions regarding consumer credit agreements and fair treatment of customers
European Union (Consumer Information, Cancellation and Other Rights) Regulations 2013: Governs consumer rights including right of withdrawal and information requirements
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

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