Conditional Sale Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Conditional Sale Agreement

Conditional Sale Agreement

{{company_name}} {{company_address}} Tel: {{phone}} Email: {{email}} Website: {{website}}

CONDITIONAL SALE AGREEMENT

This Conditional Sale Agreement (hereinafter referred to as "Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:

**{{seller_company_name}}**, a company duly incorporated under the laws of {{country}}, with its registered address at {{seller_address}} (hereinafter referred to as "the Seller"), and

**{{buyer_company_name}}**, a company duly incorporated under the laws of {{country}}, with its registered address at {{buyer_address}} (hereinafter referred to as "the Buyer").

Collectively referred to as "the Parties".

1. Subject of Sale

The Seller agrees to sell, and the Buyer agrees to purchase, the following goods (hereinafter referred to as "the Goods"): {{description_of_goods_including_make_model_serial_number_etc}}.

2. Purchase Price and Payment Terms

2.1 The total purchase price for the Goods shall be {{currency}} {{total_purchase_price}}.

2.2 The Buyer shall make a down payment of {{currency}} {{down_payment_amount}} on or before {{down_payment_due_date}}.

2.3 The remaining balance of {{currency}} {{remaining_balance}} shall be paid in {{number_of_installments}} equal monthly installments of {{currency}} {{installment_amount}} each, commencing on {{first_installment_date}} and continuing on the {{day_of_month}} day of each subsequent month until the total purchase price is paid in full.

2.4 All payments shall be made by {{payment_method}} to {{seller_bank_details}}.

3. Retention of Title

3.1 Notwithstanding delivery and transfer of possession of the Goods to the Buyer, the legal and beneficial title to the Goods shall remain with the Seller until the Seller has received full and unconditional payment of the total purchase price, and any other sums due under this Agreement.

3.2 Until such time as title passes to the Buyer, the Buyer shall hold the Goods as bailee for the Seller and shall keep the Goods separate from its own property and clearly identified as the Seller's property.

3.3 The Buyer shall not sell, pledge, charge, or otherwise encumber the Goods until title has passed.

4. Delivery and Acceptance

4.1 The Goods shall be delivered by the Seller to {{delivery_address}} on or before {{delivery_date}}.

4.2 The Buyer shall inspect the Goods immediately upon delivery and notify the Seller in writing of any defects or non-conformity within {{number_of_days}} days of delivery. Failure to do so shall constitute acceptance of the Goods in their delivered condition.

5. Risk of Loss or Damage

5.1 Risk of loss or damage to the Goods shall pass to the Buyer upon delivery, irrespective of whether title has passed.

5.2 The Buyer shall be responsible for insuring the Goods against all risks of loss or damage from the date of delivery until such time as title passes to the Buyer, with the Seller's interest noted on the policy.

6. Buyer's Covenants

The Buyer covenants that until title to the Goods passes to them:

6.1 They shall maintain the Goods in good repair and operating condition, fair wear and tear excepted.

6.2 They shall not remove the Goods from {{location_of_goods}} without the prior written consent of the Seller.

6.3 They shall permit the Seller or its agents to inspect the Goods at all reasonable times.

6.4 They shall promptly notify the Seller of any loss, damage, or seizure of the Goods.

7. Default

7.1 If the Buyer fails to make any payment when due, or breaches any other term of this Agreement, the Seller may, without prejudice to any other rights or remedies:

(a) Declare the entire outstanding balance immediately due and payable.

(b) Retake possession of the Goods. The Buyer hereby grants the Seller an irrevocable license to enter any premises where the Goods may be located for the purpose of repossessing them.

(c) Terminate this Agreement.

7.2 Upon repossession, any payments made by the Buyer may be forfeited to cover administrative costs, depreciation, and other losses incurred by the Seller.

8. Governing Law and Jurisdiction

8.1 This Agreement shall be governed by and construed in accordance with the laws of {{country}}.

8.2 Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of {{country}}.

9. Entire Agreement

This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, and negotiations, whether oral or written.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.

**For the Seller:** ___________________________________ Name: {{seller_signer_name}} Title: {{seller_signer_title}} Date: {{date}} **For the Buyer:** ___________________________________ Name: {{buyer_signer_name}} Title: {{buyer_signer_title}} Date: {{date}}