This Conditional Sale Agreement (Standard Form Format) is between a seller and a buyer (franchisee) for the purchase of equipment over time. This agreement sets forth the name, address and phone number of both parties, the location of the equipment and a detailed description of the equipment. It also sets forth the payment terms, including the amount of monthly payments and the term. It is imperative that this agreement be set forth in writing. A written Conditional Sale Agreement (Standard Form) will be helpful in the event there are disagreements or misunderstandings as to the specific terms of the equipment sale.

This Conditional Sale Agreement (Standard Form) contains the following important provisions:

• Equipment/Delivery and Installation: Sets out the specific equipment being purchased and how the equipment will be delivered and installed;
• Term and Payments: Sets forth that the agreement will commence on the day the equipment is delivered and that buyer is obligated to make all payments under this agreement;
• Disclaimer of Warranties and Claims: Buyer acknowledges that seller is not the supplier nor manufacturer of the equipment and makes no representations or warranties, either express or implied, and buyer is purchasing the equipment “as is”;
• Title: Personal Property: Title in the equipment will be reserved by seller until the equipment has been paid for in full by the buyer;
• Insurance: Buyer shall insure the equipment from loss or damage during the term of the agreement for the full replacement value;
• Signatures: Both seller and buyer must sign this agreement.

Protect yourself and your rights by using our attorney-prepared up-to-date forms.

This attorney-prepared packet contains:

1. General Instructions
2. Conditional Sale Agreement (Standard Form Format)

State Law Compliance: This form complies with the laws of all states