Installment Sale & Security Agreement

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Purpose of this form

An agreement that transfers ownership of goods from a seller to a buyer
The buyer is given the choice of paying in installments as set in the contract
Ensures that the unpaid balance remains in full force and effect until fully paid
Ensures that the seller's security interest in the goods sold remain perfected
Confirms and proves the sale of the goods

AND For Your Total Legal Protection, You will get these Additional forms for FREE

1. Sale of Goods Agreement
2. Bill of Sale of Personal Property (No Warranty)

Location: Total Package: 3 Forms

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A general agreement with special clauses with respect to the installment payments and the agreed on due date/time of delivery. It specifies the installment credit plan as weekly or monthly which is common in retail and it ensures that the remaining balance (debt) is fully repaid. Agreements with warranty and cancellation clauses reduce the risk for the buyer. This agreement may be kept as a record for tax purposes.