Legal Contracts Software Generator - Legal Contract Agreement Template for Conditional Sale

# Conditional Sale Agreement **This Conditional Sale Agreement ("Agreement") is made and entered into on the [Date] by and between:** **Seller:** [Seller's Name] [Seller's Address] [City, State, Zip] [Email Address] [Phone Number] **Buyer:** [Buyer's Name] [Buyer's Address] [City, State, Zip] [Email Address] [Phone Number] **1. Description of Goods** The Seller agrees to sell, and the Buyer agrees to purchase the following goods ("Goods"): [List and describe the Goods in detail, including quantity, model, serial numbers, etc.] **2. Purchase Price** The total purchase price for the Goods is $[Purchase Price] ("Purchase Price"). The Buyer agrees to pay the Seller the Purchase Price under the conditions set forth in this Agreement. **3. Payment Terms** - The Buyer shall pay a deposit of $[Deposit Amount] upon execution of this Agreement. - The remaining balance of $[Remaining Amount] shall be paid on or before [Due Date]. - Payments shall be made via [Payment Method, e.g., bank transfer, check, etc.]. **4. Conditional Terms** This sale is conditional upon the following: - [Specify any conditions that must be met for the sale to become final, e.g., financing approval, inspection of goods, etc.] **5. Risk of Loss** The risk of loss or damage to the Goods shall remain with the Seller until the Buyer has paid the full Purchase Price and taken possession of the Goods. **6. Delivery** - The Seller shall deliver the Goods to the Buyer on or before [Delivery Date]. - Delivery shall occur at [Delivery Location]. - Any delays must be communicated promptly to the other party. **7. Title and Ownership** - Title and ownership of the Goods shall remain with the Seller until the Buyer has paid the Purchase Price in full, including any additional fees described herein. - Upon full payment, title will transfer to the Buyer. **8. Default** In the event that the Buyer fails to make the required payments as outlined in Section 3: - The Seller may retain any payments made as liquidated damages. - The Seller reserves the right to reclaim the Goods. **9. Indemnification** The Buyer agrees to indemnify and hold the Seller harmless from any claims, damages, or liabilities arising out of the use of the Goods after the transfer of ownership occurs. **10. Governing Law** This Agreement shall be governed by and construed in accordance with the laws of the State of [State]. **11. Entire Agreement** This Agreement constitutes the entire agreement between the parties and supersedes any prior agreements or understandings, whether written or oral. **12. Amendments** No amendments or modifications to this Agreement shall be valid unless made in writing and signed by both parties. **IN WITNESS WHEREOF**, the parties have executed this Conditional Sale Agreement as of the date first above written. **Seller:** _____________________________ [Seller's Name] Date: _______________________ **Buyer:** _____________________________ [Buyer's Name] Date: _______________________ --- *Note: It is advisable to consult with a legal professional before entering into any contractual agreement to ensure that the terms and conditions align with the applicable laws and regulations.*