What Is a Repayment Agreement?

An installment sale contract refers to a sale contract in which the total price to be paid by the buyer is paid to the seller in installments within a certain period of time. Installment payment is a special form of buying and selling, which is often used in the buying and selling of houses and high-end durable consumer goods in China.
Right!

An installment sale contract refers to a sale contract in which the total price to be paid by the buyer is paid to the seller in installments within a certain period of time.

1. Advance delivery of the subject matter. Instalment sales are "delivery first"

Keep

1. Non-credit installment purchases are purely buying and selling.

2.Credit installment purchases and

Model installment sale contract

Seller: __________________ (hereinafter referred to as Party A)

Buyer: __________________ (hereinafter referred to as Party B)

Today, Party A (the seller and the owner) and Party B (the buyer and the user) have reached the following agreement on the purchase and sale of products:

Article 1 The subject matter of this contract is _________, and the installment payment is always rated at RMB _________ whole. Party B can pay to Party A in accordance with the following provisions:

(1) The preceding paragraph is _________ yuan.

(2) The balance of _________ yuan.

(3) Monthly interest _________ yuan.

Article 2

Party B pays _________ yuan to Party A in advance, and the balance is from _______________ to _______________. Pay each month before _____ days

_________yuan.

Article 3 Party B may provide guarantee for the above. When this contract is established, a check _________ will be issued to Party A for the amount and date set out in the previous article.

The authority for the custody of the above cheques belongs to Party A. Each time a cheque is delivered, it is deemed that Party B repays the loan.

Article 4 At the same time as the conclusion of this contract, Party A shall deliver the _________ product to Party B and agree to Party B's use of the product.

Article 5 If Party B can pay the instalment amount of Article 2 and other expenses payable, Party B shall pay Party A as a delayed loss payment at a daily interest rate of _________ from the date of payment.

Article 6 Party B must use _________ products in a proper way. If there is a violation, Party A can immediately terminate this contract.

Article 7

If Party B has not paid the price twice in a row, and the amount of the unpaid payment reaches one-fifth of the total price, Party A may request Party B to pay the entire and due payment or terminate the contract. If Party A terminates the contract, it may request Party B to pay the royalties for the subject matter.

eighth

Contract dispute settlement: Any dispute arising from the performance of this agreement or related to this agreement shall be settled through friendly negotiations. If negotiation fails, either party may submit the dispute to the South China Branch of the China International Economic and Trade Arbitration Commission for arbitration in accordance with the arbitration rules in force at the time of the arbitration application. The arbitral award is final and binding on both parties.

Article 9 Other agreed matters: ____________________________________

Seller (Party A): _______________

Buyer (Party B): _______________

___________ year _______ month _______ day ^[1]