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1. Parties: Identification of the owner/financial institution and the hirer with complete details
2. Background: Context of the agreement including the hirer's request and owner's consent to provide goods on hire purchase basis
3. Definitions: Definitions of key terms used throughout the agreement
4. Description of Goods: Detailed specification of the goods being hired
5. Payment Terms: Details of hire purchase price, deposit, number of installments, and payment schedule
6. Delivery and Acceptance: Terms regarding delivery, inspection, and acceptance of goods
7. Title and Ownership: Provisions regarding retention of title by owner until final payment
8. Hirer's Obligations: Responsibilities of the hirer including maintenance, proper use, and preservation of goods
9. Insurance: Requirements for insurance coverage of the goods
10. Representations and Warranties: Warranties regarding the condition of goods and representations by both parties
11. Default and Remedies: Consequences of default and available remedies
12. Termination: Circumstances and process for termination of the agreement
13. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
1. Guarantor Provisions: Required when a guarantor is involved to secure the hirer's obligations
2. Installation and Training: Necessary for complex machinery or equipment requiring professional installation or user training
3. Maintenance Services: When the owner provides ongoing maintenance services for the goods
4. Return Conditions: Detailed conditions for return of goods in case of termination, particularly relevant for high-value equipment
5. Assignment: Terms regarding the ability to assign rights under the agreement, particularly relevant for business agreements
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant for long-term agreements
7. Digital/Electronic Payment Terms: Specific provisions for electronic payment methods and platforms
1. Schedule 1 - Goods Specification: Detailed technical specifications, model numbers, serial numbers of the goods
2. Schedule 2 - Payment Schedule: Detailed breakdown of payments including dates, amounts, and payment methods
3. Schedule 3 - Delivery Details: Specific delivery instructions, location, and timeline
4. Schedule 4 - Condition Report: Initial condition report of the goods at the time of delivery
5. Schedule 5 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
6. Appendix A - Usage Guidelines: Detailed instructions for proper use and maintenance of the goods
7. Appendix B - Return Conditions Checklist: Detailed checklist for condition of goods upon return or termination
Applicable Law
Business Day
Commencement Date
Conditions Precedent
Default Interest
Default Notice
Delivery
Deposit
Due Date
Effective Date
Event of Default
Goods
Guarantor
Hire Purchase Charges
Hire Purchase Price
Hirer
Initial Payment
Installment
Insurance
Interest Rate
Law
Maintenance
Material Adverse Effect
Notice
Owner
Party/Parties
Payment Schedule
Place of Delivery
Purchase Price
Repossession
Schedule of Payments
Security Interest
Specifications
Term
Termination Date
Title
Total Amount Payable
Transfer of Ownership
Working Day
Agreement to Hire Purchase
Purchase Price and Payment Terms
Delivery and Acceptance
Title and Ownership
Transfer of Risk
Maintenance and Use
Insurance
Representations and Warranties
Hirer Covenants
Owner Covenants
Default
Remedies
Repossession
Assignment
Force Majeure
Indemnification
Notices
Confidentiality
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Waiver
Further Assurance
Costs and Expenses
Termination
Survival
Automotive
Manufacturing
Construction
Agriculture
Information Technology
Healthcare
Transportation
Industrial Equipment
Consumer Durables
Real Estate
Retail
Mining
Telecommunications
Legal
Finance
Sales
Procurement
Risk Management
Operations
Commercial
Credit
Compliance
Collections
Business Development
Legal Counsel
Finance Manager
Credit Manager
Sales Manager
Procurement Manager
Contract Administrator
Risk Manager
Commercial Director
Chief Financial Officer
Operations Manager
Asset Manager
Business Development Manager
Compliance Officer
Credit Analyst
Collections Manager
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