A part of Sales is managing proper legal communication, regarding the product or service quality requirements that the buyer needs. It is essential to individuals and companies to ensure truthful, accurate information exchange and enable morally-correct decision-making. Therefore, communication in situations that involve legal complications, request extra attention.
This Conditional Sales Contract template covers the most important subjects and will help you to structure and communicate in a professional and legal way, it contains the following content:
Be it known that (Buyer) agrees to purchase from: (Seller) the following described items:
- Item description (Describe or attach)
- Sales price
- Sales tax
- Finance charge
- Other charges
- Total purchase price
- Other credits
- Total credits
- Amount financed
- The annual interest rate over the amount financed shall be paid in (weekly/monthly) installments of each, beginning one (week/month) from the above date. The amount financed shall be paid in weekly/monthly installments of $ USD 1 each, beginning one (week/month) from the above date.
The seller shall retain title to the items sold until full payment of the purchase price, subject to payment credits, and release of this security interest as required by law. The undersigned agrees to safely keep the items free from other liens and encumbrances at the below address and to not remove goods without the seller's consent.
Buyer further agrees to execute all financing statements as may be required to perfect this conditional sales agreement, and the Buyer shall keep goods adequately insured, naming Seller loss-payee.
The full balance of the purchase price shall become due upon any default; and the undersigned shall pay all reasonable attorney's fees and costs of collection. Upon default, the Seller may reclaim the goods, hold and dispose of the same, and collect expenses, together with any deficiency due from Buyer, subject to the Buyer's right to redeem said items pursuant to law and the Uniform Commercial Code.
Our trustworthy sales & legal templates are all drafted and screened by professionals that have experience in special law-related fields and are actively involved in sales/legal issues around the topic.
Download this professional legal Conditional Sales Contract template now and save yourself time, efforts and possibly reduce the lawyer-fees in order to become more successful.
Using our easy-to-modify Conditional Sales Contract helps to make a perfect document for any kind of business and will help you to deal with the situation! However, this Sales Order template will help you dealing with this legal matter, we still recommend you to consider to find legal support in case you have doubts dealing with it the right way.