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Sales Contract Installment Payments

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									Sales Contract

1. Names. _________________________, Seller, and ________________________, Buyer, agree to the following sale. 2. Property Being Sold. Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, the following property: ____________________________________________________ (the Property). 3. Condition of Property [ ] The Property is new. [ ] The Property is used. Buyer has inspected the Property and will accept it. [ ] The Property is used. Buyer has inspected the Property and will accept it except for the following modifications, which Seller agrees to make before delivery: ______________________________________________ [ ] Seller discloses the following defects: _____________________________________________ 4. Purchase Price. The purchase price of the Property is: $_______________. 5. Down Payment [ ] Buyer will make a down payment of $_____________ when this contract is signed. This down payment will be applied toward the purchase price. [ ] Buyer will not make a down payment. 6. Time of Payment. Buyer will pay Seller the purchase price (less any down payment) in installments as follows: _______________________________________________ [Optional clause:] [ ] 7. Method of Payment. Buyer will pay Seller by:

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[ ] personal or business check. [ ] cashier's check. [ ] credit card. [ ] cash. [End optional clause] 8. Delivery. Seller will deliver the Property to Buyer on ___________________ at _____________________________________________________. 9. Ownership. Seller has legal title to the Property and is selling the Property free of any liens or liabilities. 10. Transfer of Ownership. Seller will transfer ownership of the Property to Buyer through: [ ] a receipt. [ ] a bill of sale. [ ] such documents as may be required by the state of ________________ to legally transfer the ownership of the Property. 11. Security Interest [ ] Seller will not retain a security interest in the property. [ ] Seller will retain a security interest in the property. At the time the property is delivered to Buyer, Buyer will sign and deliver to Seller a security agreement. Buyer also acknowledges that Seller will file a Uniform Commercial Code Financing Statement, which will secure Seller's interest in the Property until the purchase price has been paid in full. 12. Other Terms and Conditions. _________________________________________. 13. Entire Agreement. This is the entire agreement between the parties. It replaces and supersedes any and all oral agreements between the parties, as well as any prior writings. 14. Successors and Assignees. This agreement binds and benefits the heirs, successors, and assignees of the parties.

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15. Notices. All notices must be in writing. A notice may be delivered to a party at the address that follows a party's signature or to a new address that a party designates in writing. A notice may be delivered: (1) in person (2) by certified mail, or (3) by overnight courier. 16. Governing Law. This agreement will be governed by and construed in accordance with the laws of the state of ________________. 17. Counterparts. This agreement may be signed by the parties in different counterparts and the signature pages combined will create a document binding on all parties. 18. Modification. This agreement may be modified only by a written agreement signed by all the parties. 19. Waiver. If one party waives any term or provision of this agreement at any time, that waiver will only be effective for the specific instance and specific purpose for which the waiver was given. If either party fails to exercise or delays exercising any of its rights or remedies under this agreement, that party retains the right to enforce that term or provision at a later time. 20. Severability. If any court determines that any provision of this agreement is invalid or unenforceable, any invalidity or unenforceability will affect only that provision and will not make any other provision of this agreement invalid or unenforceable and shall be modified, amended, or limited only to the extent necessary to render it valid and enforceable.

SELLER Name of Business: ______________ a ____________________________

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By: __________________________ Dated: _______________________ Printed Name: __________________ Title: _________________________ Address: _______________________ _______________________

BUYER Name of Business: ______________ a ____________________________

By: __________________________ Dated: _______________________ Printed Name: __________________ Title: _________________________ Address: _______________________ _______________________

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