Hire-Purchase Agreement - India
Hire-Purchase Agreement for use in India.
This kit includes tools and guidelines to assist you in drafting a Hire-Purchase Agreement.
In a hire-purchase agreement, the owner hires goods to the hirer with an option to purchase the goods when he has made the payment of a certain sum. This enables the purchaser who is unable to pay the full price of the asset at one lump sum to acquire an asset and after making the payment of an initial amount called a premium or deposit, the purchaser pays the balance consideration money in instalments. After the payment of all the instalments, the property in the goods passes to the hirer. The hirer has an option to return the goods during the period of hire. In a Hire-Purchase Agreement, the hirer has the right to terminate the agreement for hire for convenience without having to pay the value of the goods.
Among others, this form includes the following key provisions:
In a hire-purchase agreement, the owner hires goods to the hirer with an option to purchase the goods when he has made the payment of a certain sum. This enables the purchaser who is unable to pay the full price of the asset at one lump sum to acquire an asset and after making the payment of an initial amount called a premium or deposit, the purchaser pays the balance consideration money in instalments. After the payment of all the instalments, the property in the goods passes to the hirer. The hirer has an option to return the goods during the period of hire. In a Hire-Purchase Agreement, the hirer has the right to terminate the agreement for hire for convenience without having to pay the value of the goods.
Among others, this form includes the following key provisions:
- Delivery of the Equipment
- Condition of Equipment
- Payment
- Maintenance and Loss
- Indemnity
- Inspection by Company and Installation
- Liability and Insurance
- Description and Instructions for Hire-Purchase Agreement
- Hire-Purchase Agreement for use in India
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages10
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#33476
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.