This Conditional Sale Agreement (hereinafter the “Agreement”) made and entered into this [Document.CreatedDate], by and between:
Name: [Buyer.FirstName][Buyer.LastName], [Buyer.Company] ("Buyer") and
Name: [Seller.FirstName][Seller.LastName], [Seller.Company] ("Seller");
Hereinafter, the Buyer and the Seller are collectively referred to as "Parties."
WHEREAS, the Seller is in the business of selling various goods and items (hereinafter “Goods”) to the Buyer; and WHEREAS, the Buyer desires to purchase the Goods from the Seller.
Description of Goods
The Seller agrees to sell, and the Buyer agrees to buy, the following Goods from the Seller:
(insert the description of the goods, including information like model, make, quantity, color, condition, etc.)
The agreed purchase price for the Goods is (insert the total price of the goods) payable in (insert terms of payment, e.g., cash, bank transfer, check, credit card, etc.). The Buyer will pay the Seller in installments of (insert the amount to be paid per installment), due on or before the (insert due date for each month, e.g., before the 7th of each month) each month.
The title or the ownership of the Goods shall be automatically transferred to the Buyer upon the full payment of the purchase price.
Delivery of Goods
The Seller shall deliver the Goods to the Buyer at the agreed time and place. If the Seller fails to deliver the Goods at the agreed time and place, the Buyer shall have the right to terminate this Agreement without any liability.
Date:(month, day, year)