All Countries
Banking
Deferred Sale Agreement

Deferred Sale Agreement Template for Ireland

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Deferred Sale Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Deferred Sale Agreement

"Need a Deferred Sale Agreement under Irish law for industrial manufacturing equipment (value €2.5M) with quarterly payments over 18 months starting March 2025, including equipment maintenance warranties and insurance requirements."

Celebrated by
Collaborations with
Investors
Document background
The Deferred Sale Agreement is a crucial legal instrument in Irish commercial practice, designed for transactions where immediate full payment is either not practical or not desired by the parties. This type of agreement is commonly used in various commercial contexts, from asset purchases to property transactions, where staged payments align better with business objectives or cash flow requirements. The document establishes a clear framework for the deferred payment structure while protecting both parties' interests through security arrangements, warranties, and specific performance obligations. It must comply with Irish contract law, relevant EU regulations, and sector-specific requirements, making it a sophisticated legal tool that balances commercial practicality with legal protection. The agreement typically includes detailed payment schedules, conditions for title transfer, and risk allocation mechanisms, ensuring clarity and enforceability under Irish jurisdiction.
Suggested Sections

1. Parties: Identification and details of the seller and buyer

2. Background: Context of the transaction and purpose of the deferred sale arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core terms of the sale including description of assets/goods being sold

5. Purchase Price: Details of the total purchase price and payment structure

6. Payment Terms: Specific terms of the deferred payment arrangement including installment schedule

7. Transfer of Title: Conditions and timing for the transfer of ownership

8. Seller's Warranties: Warranties regarding the asset/goods being sold

9. Buyer's Warranties: Warranties regarding the buyer's capacity and ability to make payments

10. Security Arrangements: Details of any security provided for the deferred payments

11. Default and Remedies: Consequences of default and available remedies

12. Term and Termination: Duration of the agreement and termination provisions

13. Governing Law and Jurisdiction: Confirmation of Irish law governance and jurisdiction

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Condition Precedents: Specific conditions that must be met before the agreement becomes effective

2. Interest Charges: Terms for interest charges on deferred payments, if applicable

3. Insurance Requirements: Insurance obligations for the asset during the deferral period

4. Maintenance and Use: Requirements for maintaining the asset during the deferral period

5. Third Party Rights: Provisions regarding rights of third parties, if relevant

6. Assignment and Transfer: Rights and restrictions regarding assignment of the agreement

7. Tax Provisions: Specific tax implications and responsibilities

8. Force Majeure: Provisions for unforeseen circumstances affecting performance

9. Confidentiality: Confidentiality obligations regarding the transaction

10. Data Protection: GDPR and data protection compliance provisions if personal data is involved

Suggested Schedules

1. Asset Description: Detailed description and specifications of the asset/goods being sold

2. Payment Schedule: Detailed schedule of all payment dates and amounts

3. Security Documents: Forms of security documents and guarantees

4. Condition Report: Current condition of the asset (if applicable)

5. Required Insurances: Details of required insurance coverage

6. Form of Transfer: Template documents for final transfer of title

7. Warranties: Detailed warranties and representations

8. Relevant Permits: Copies of necessary permits and licenses

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreed Interest Rate
Asset
Business Day
Completion
Completion Date
Conditions Precedent
Deferred Amount
Deferred Payment Date(s)
Default Event
Default Interest Rate
Deposit
Due Date
Effective Date
Encumbrance
Event of Default
Final Payment Date
Financial Indebtedness
Force Majeure Event
Initial Payment
Installment
Installment Date
Intellectual Property Rights
Late Payment
Lien
Material Adverse Change
Outstanding Balance
Payment Schedule
Permitted Encumbrance
Purchase Price
Related Documents
Relevant Permits
Security
Security Documents
Security Interest
Seller's Account
Specified Asset
Title Documents
Transfer Date
Transfer Documents
VAT
Warranties
Relevant Industries

Real Estate

Manufacturing

Retail

Agriculture

Technology

Automotive

Construction

Industrial Equipment

Commercial Property

Asset Finance

Renewable Energy

Infrastructure

Relevant Teams

Legal

Finance

Commercial

Risk & Compliance

Treasury

Operations

Sales

Procurement

Credit Control

Business Development

Relevant Roles

Legal Counsel

Commercial Director

Finance Director

Chief Financial Officer

Contract Manager

Risk Manager

Compliance Officer

Treasury Manager

Business Development Manager

Operations Director

Asset Manager

Credit Controller

Sales Director

Procurement Manager

Industries
Sale of Goods Act 1893: Fundamental legislation governing the sale of goods in Ireland, defining rights and obligations of buyers and sellers
Sale of Goods and Supply of Services Act 1980: Modern update to sales law, particularly relevant for conditions and warranties in sales contracts
Consumer Protection Act 2007: Protects consumer interests in commercial transactions, including deferred payment arrangements
Land and Conveyancing Law Reform Act 2009: Relevant if the deferred sale involves property, governing property transfers and related contracts
Central Bank Act 1997: Regulates financial aspects of deferred payment arrangements and related financial services
European Communities (Unfair Terms in Consumer Contracts) Regulations 1995: Implementation of EU directive on unfair contract terms, crucial for consumer contracts
Taxes Consolidation Act 1997: Governs tax implications of deferred sales, including capital gains and VAT considerations
Criminal Justice (Money Laundering and Terrorist Financing) Act 2010: Relevant for compliance in high-value deferred sales and payment arrangements
Consumer Credit Act 1995: Applicable if the deferred sale arrangement includes credit terms or financing
Statute of Limitations 1957: Defines time limits for legal actions relating to contract enforcement and disputes
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Monthly Payment Contract

An Irish law-governed contract establishing terms and conditions for recurring monthly payments between parties, ensuring regulatory compliance and payment processing structure.

find out more

Vehicle Payment Agreement

An Irish law-governed agreement establishing terms and conditions for vehicle financing, including payment schedules, ownership details, and parties' obligations.

find out more

Rent Arrears Repayment Agreement

An Irish law-compliant agreement establishing a formal repayment plan for rent arrears between landlord and tenant, with detailed payment terms and obligations.

find out more

Interim Payment Agreement

An Irish law-governed agreement establishing terms and procedures for interim payments during project execution, compliant with the Construction Contracts Act 2013.

find out more

Rental Agreement Payment Terms

An Irish law-compliant document specifying rental payment terms, conditions, and schedules for property lettings in Ireland.

find out more

Lease Agreement Payment Terms

Irish law-compliant lease agreement payment terms document specifying rent and other financial obligations for property leases.

find out more

Fee Payment Agreement

An Irish law-governed agreement establishing terms and conditions for fee payments, including payment schedules, methods, and obligations.

find out more

Accident Payment Agreement

An Irish law-governed agreement documenting the terms and conditions of accident compensation payment and final settlement of claims.

find out more

Contract For Repayment Of Money

An Irish law-governed agreement establishing terms for money repayment between lender and borrower, including loan amount, repayment schedule, and interest terms.

find out more

Payment For Non Compete Agreement

An Irish law agreement providing payment in exchange for post-employment non-compete restrictions, including payment terms and enforcement provisions.

find out more

Pay Off Agreement

An Irish law-governed agreement detailing employment termination terms, settlement payment, and mutual obligations between employer and employee.

find out more

Partial Payment Agreement For Lot

An Irish law-governed agreement establishing terms for purchasing a lot through structured partial payments, including payment schedule and ownership transfer conditions.

find out more

Final Payment Agreement

An Irish law-governed agreement that documents final payment terms and mutual releases between parties, formalizing the settlement of financial obligations.

find out more

Commission Payment Agreement

An Irish law-governed agreement establishing commission payment terms and conditions between a principal/employer and agent/employee.

find out more

Arrears Repayment Agreement

An Irish law-governed agreement establishing structured repayment terms for outstanding debts in arrears, ensuring compliance with Irish financial services regulations and consumer protection laws.

find out more

Advance Payment Agreement

An Irish law-governed agreement setting out terms and conditions for advance payments, including security arrangements and recovery mechanisms.

find out more

Rental Payment Agreement Letter

An Irish law-governed letter agreement establishing rental payment terms and conditions between landlord and tenant, supplementing the main lease agreement.

find out more

Prepayment Agreement

An Irish law-governed agreement establishing terms for advance payment arrangements, including payment mechanics, usage conditions, and regulatory compliance requirements.

find out more

Pay Settlement Agreement

An Irish law-governed agreement documenting terms of employment-related financial settlement between employer and employee.

find out more

Non Refundable Payment Agreement

An Irish law-governed agreement establishing terms for non-refundable payments, ensuring legal compliance while protecting both parties' interests.

find out more

Money Received Agreement

An Irish law-governed agreement documenting the receipt of funds between parties, including payment details and associated terms.

find out more

Loan Repayment Agreement Employee

An Irish law-governed agreement establishing terms for an employer-provided loan and its repayment through salary deductions.

find out more

Loan Repayment Agreement Between Friends

An Irish law-governed agreement that formalizes and documents loan terms between friends, including repayment conditions and obligations of both parties.

find out more

Letter Of Repayment Agreement

An Irish law-governed document establishing legally binding terms for debt repayment between creditor and debtor, including payment schedule and default provisions.

find out more

Letter For Agreement Of Payment

An Irish law-governed formal document establishing legally binding payment terms and schedules between a creditor and debtor for debt settlement.

find out more

Deferred Sale Agreement

An Irish law-governed agreement structuring the sale of assets with deferred payment terms, detailing payment schedule and ownership transfer conditions.

find out more

Deferment Agreement

An Irish law agreement that formally documents the postponement of payment obligations between parties, establishing new payment terms and conditions.

find out more

Cash Payment Contract

An Irish law-governed agreement establishing terms and conditions for cash payment transactions, ensuring regulatory compliance and defining payment terms.

find out more

Payment Terms Contract

An Irish law-governed agreement establishing payment terms, schedules, and obligations between commercial parties.

find out more

Collection Payment Plan Letter

An Irish-law governed formal letter establishing agreed terms for structured debt repayment between creditor and debtor.

find out more

Late Payment Agreement

An Irish law-governed agreement that establishes terms and schedule for settling overdue payments between a creditor and debtor.

find out more

Contract For Repayment Of Debt

An Irish law-governed agreement establishing formal terms for debt repayment, including payment schedule, interest, and enforcement provisions.

find out more

Commitment Letter For Payment

An Irish law-governed formal letter documenting a binding commitment to make specified payments under defined terms and conditions.

find out more

Repayment Contract Agreement

An Irish law-governed agreement establishing terms and conditions for debt repayment, including payment schedules, interest rates, and party obligations.

find out more

Rent Payment Agreement

An Irish law-governed agreement establishing rental payment terms and conditions between landlord and tenant, compliant with the Residential Tenancies Act 2004.

find out more

Payment Schedule Contract

An Irish law-governed agreement establishing structured payment terms and obligations between parties, including payment schedules, methods, and enforcement mechanisms.

find out more

Letter Of Agreement For Payment Of Debt

An Irish law-governed formal document establishing legally binding terms for debt repayment between creditor and debtor, including payment schedule and default provisions.

find out more

Debt Repayment Agreement

An Irish law-governed agreement establishing structured repayment terms between creditor and debtor for outstanding debt resolution.

find out more

Full Payment Agreement

An Irish law-governed agreement establishing terms for complete payment settlement between parties, including payment schedule, methods, and enforcement provisions.

find out more

Agreement For Deposit Payment

An Irish law-governed agreement establishing terms and conditions for deposit payments, including payment terms, holding arrangements, and return conditions.

find out more

Repayment Agreement

An Irish law-governed agreement establishing structured repayment terms between creditor and debtor for an outstanding debt.

find out more

Loan Repayment Agreement

An Irish law-governed agreement establishing terms and conditions for loan repayment between lender and borrower, including payment schedule, interest, and default provisions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.