INSTALMENT SALE AGREEMENT
THIS INSTALMENT SALE AGREEMENT (the “Agreement”), made this ___ day of
____________, 2_____ (the “Effective Date”), by and between ________________ (the
“Vendor”) and _______________ (the “Purchaser”).
WHEREAS the Vendor is desirous to sell to the Purchaser and the Purchaser is desirous
to purchase from the Vendor the goods which are listed on Schedule “A” annexed hereto
pursuant to the terms and conditions contained herein.
NOW THEREFORE in consideration of the premises and mutual agreements herein
contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the Vendor and the Purchaser hereto, the Vendor and the Purchaser
hereby agree with one another as follows:
1.00 PAYMENT OF GOODS
1.01 The Vendor shall sell and the Purchaser shall purchase the goods (the “Goods”) listed on
Schedule “A” annexed hereto.
1.02 The Vendor and the Purchaser hereby agree that the consideration to be paid by the
Purchaser to the Vendor for the Goods shall be the amount of _____________ ($_______)
Dollars (the “Consideration”), which shall be paid by the Purchaser in instalments as set forth
1.03 The Purchaser shall pay the Consideration in instalments to the Vendor or its assigns, at
the Vendor’s registered head office address, or at such other address as the Vendor in writing
1.04 The Purchaser and the Vendor hereby agree that any and all unpaid amounts due and
owing to the Vendor shall remain in full force and effect and that the Vendor’s security interest
in the Goods sold to the Purchaser shall remain perfected.
1.05 The Purchaser hereby agrees that it shall make any and all instalments due to the Vendor
until the Consideration is paid in full.
1.06 The Purchaser shall pay the Consideration to the Vendor for the Goods purchased
payable in instalments as follows:
(i) in equal weekly/monthly instalments of __________ ($______) Dollars, payable
on or before the ______ day of each and every week/month, save and except the
last instalment which shall be due on the ____ day of ___________, 2_____; and
(ii) the first instalment due by the Purchaser to the Vendor shall be payable on the
____ day of __________, 2_____;
2.00 REPRESENTATIONS AND WARRANTIES