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Financed Sales Contract
"I need a Financed Sales Contract for the purchase of manufacturing equipment worth INR 50 lakhs from ABC Industries Ltd, with financing over 36 months and a 20% down payment, including specific maintenance requirements and quarterly inspection rights."
1. Parties: Identification of seller, buyer, and financing party (if separate from seller)
2. Background: Context of the transaction, including the intent to sell with financing arrangements
3. Definitions: Key terms used throughout the agreement, including financial terms
4. Sale and Purchase: Core terms of the sale including description of goods/property and purchase price
5. Financing Terms: Detail of the financing arrangement including principal amount, interest rate, repayment schedule
6. Payment Terms: Structure of payments, including down payment, installments, and payment methods
7. Delivery and Acceptance: Terms regarding delivery, inspection, and acceptance of goods
8. Title and Risk: When and how title passes, retention of title provisions, risk allocation
9. Security Interest: Details of any security interest retained in the goods
10. Representations and Warranties: Standard and specific warranties from both parties
11. Events of Default: Circumstances constituting default and consequences
12. Remedies: Rights and remedies of parties in case of breach or default
13. General Terms: Standard boilerplate provisions including notices, amendments, governing law
1. Insurance: Required when goods need specific insurance coverage during financing period
2. Maintenance and Use: Include when goods require specific maintenance standards during financing period
3. Registration: Required when goods need formal registration (e.g., vehicles)
4. Third-Party Rights: Include when financing is provided by a third-party lender
5. Early Repayment: Include when early repayment options are offered
6. Assignment: Include when rights under the contract may be assigned
7. Force Majeure: Include for long-term financing arrangements or high-value goods
1. Schedule 1 - Description of Goods: Detailed specification of goods being sold
2. Schedule 2 - Payment Schedule: Detailed repayment schedule including dates and amounts
3. Schedule 3 - Delivery Schedule: If delivery is in installments or requires specific timing
4. Schedule 4 - Interest Calculation: Method and examples of interest calculation
5. Schedule 5 - Security Details: Details of any security interest or collateral
6. Appendix A - Condition Report: For used goods, documenting condition at time of sale
7. Appendix B - Maintenance Requirements: If specific maintenance is required during financing period
8. Appendix C - Insurance Requirements: Specific insurance requirements and terms
Authors
Applicable Law
Asset
Business Day
Completion Date
Conditions Precedent
Default Interest Rate
Default Notice
Delivery Date
Down Payment
Effective Date
Encumbrance
Event of Default
Finance Amount
Finance Period
Financial Institution
Force Majeure Event
Installment Payment
Interest Rate
Late Payment Fee
Loan Agreement
Material Adverse Effect
Payment Date
Payment Schedule
Principal Amount
Purchase Price
Relevant Authority
Repayment Schedule
Sale Price
Security Interest
Seller's Account
Specifications
Stamp Duty
Term
Title Documents
Total Outstanding Amount
Transfer Date
Warranties
Payment Terms
Financing Terms
Interest
Security Interest
Title and Risk
Delivery
Acceptance
Warranties
Representations
Default
Termination
Force Majeure
Assignment
Insurance
Registration
Maintenance
Inspection Rights
Notices
Confidentiality
Indemnification
Dispute Resolution
Governing Law
Amendment
Severability
Entire Agreement
Further Assurance
Counterparts
Third Party Rights
Costs and Expenses
Stamp Duty
Waiver
Set-off Rights
Early Repayment
Security Enforcement
Manufacturing
Automotive
Heavy Equipment
Industrial Machinery
Construction
Agriculture
Technology Hardware
Commercial Real Estate
Retail
Healthcare Equipment
Renewable Energy
Legal
Finance
Sales
Credit
Commercial
Risk Management
Contract Administration
Business Development
Operations
Procurement
Legal Counsel
Finance Manager
Sales Director
Credit Manager
Commercial Director
Risk Manager
Contract Administrator
Business Development Manager
Financial Controller
Operations Manager
Procurement Manager
Asset Manager
Chief Financial Officer
General Counsel
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