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Sales Agreement With Payment Plan
"I need a Sales Agreement with Payment Plan for selling industrial manufacturing equipment worth NZD 250,000 to a medium-sized business, with monthly installments over 24 months and including maintenance provisions; the first delivery is scheduled for March 2025."
1. Parties: Identification and details of the seller and buyer, including legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, relationship between parties, and purpose of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including description of goods, quantity, and basic obligations of both parties
5. Price and Payment Terms: Total purchase price, payment plan structure, installment amounts, payment dates, and payment methods
6. Interest and Late Payment: Interest rates on installments, penalties for late payment, and consequences of default
7. Delivery and Risk: Delivery terms, timing, transfer of risk, and acceptance procedures
8. Title and Security Interest: Retention of title provisions until full payment, security interests under PPSA
9. Warranties and Representations: Warranties regarding the goods, condition, and fitness for purpose
10. Default and Termination: Events of default, remedies, and termination procedures
11. Dispute Resolution: Process for handling disputes, including mediation and jurisdiction
12. General Provisions: Standard clauses including notices, assignment, waiver, and governing law
1. International Trade Terms: Required for international sales, including Incoterms, customs, and import/export requirements
2. Insurance: Insurance requirements and responsibilities when significant value goods are involved
3. Intellectual Property: IP rights and licenses when the goods involve patents, trademarks, or copyrights
4. Confidentiality: Confidentiality obligations when sensitive information is shared during the transaction
5. Force Majeure: Force majeure provisions for circumstances that may affect delivery or payment
6. Returns and Refunds: Return policies and refund procedures for consumer sales
7. Maintenance and Support: Post-sale support terms for technical or complex products
8. Personal Property Securities Register: PPSR registration details when security interest is registered
1. Schedule 1 - Product Specifications: Detailed description of goods, including specifications, quantities, and quality standards
2. Schedule 2 - Payment Schedule: Detailed payment plan including dates, amounts, and specific payment terms
3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and locations if multiple deliveries are involved
4. Schedule 4 - Warranty Terms: Detailed warranty terms, conditions, and claim procedures
5. Appendix A - Product Documentation: Technical specifications, user manuals, or other product-related documentation
6. Appendix B - Quality Standards: Applicable quality standards, certifications, or compliance requirements
Authors
Applicable Law
Business Day
Commencement Date
Completion Date
Confidential Information
Default Event
Default Interest Rate
Default Notice
Delivery
Delivery Date
Delivery Location
Deposit
Due Date
Encumbrance
Force Majeure Event
Goods
GST
Installment Payment
Installation
Interest Rate
Invoice
Late Payment Fee
Market Value
Material Adverse Change
Notice
Outstanding Balance
Payment Plan
Payment Schedule
Payment Terms
PPSA
Price
Purchase Price
Related Company
Security Interest
Seller's Bank Account
Specifications
Term
Title
Warranties
Working Hours
Definitions
Sale and Purchase
Payment Terms
Installment Payments
Interest
Security Interest
Title Retention
Delivery
Risk and Insurance
Warranties
Representations
Default
Termination
Force Majeure
Assignment
Confidentiality
Notices
Dispute Resolution
Governing Law
GST
Entire Agreement
Severability
Waiver
Variation
Insurance
Indemnity
Inspection and Acceptance
Returns
Personal Property Securities
Late Payment
Default Interest
Acceleration
Set-off
Time of the Essence
Relationship of Parties
Retail
Manufacturing
Construction
Automotive
Technology
Industrial Equipment
Furniture and Fixtures
Agricultural Equipment
Medical Equipment
Commercial Property
Heavy Machinery
Consumer Goods
Professional Services
Legal
Finance
Sales
Commercial
Risk Management
Operations
Credit Control
Procurement
Business Development
Contract Administration
Sales Manager
Commercial Director
Finance Manager
Credit Controller
Legal Counsel
Contracts Manager
Business Development Manager
Account Executive
Risk Manager
Operations Manager
Procurement Manager
Chief Financial Officer
Commercial Lawyer
Sales Director
Credit Manager
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