Conditional Sale Agreement
Updated 17 October 2025
This Conditional Sale Agreement outlines the terms for a buyer to purchase an item from a seller, where the transfer of title is contingent upon the buyer making all required payments. It details the sales price, applicable taxes, finance charges, and payment schedule, including a down payment and installments. The agreement also specifies that the full balance becomes due if payments default for a certain period, making the buyer responsible for the seller's legal fees.
Conditional Sale Agreement
The undersigned, herein known as the Buyer, agrees to purchase from [name], herein known as the Seller, the following:
[description of what the buyer will purchase]
Payment of said item(s) will be as follows:
Sales price |
|
Applicable taxes |
|
Finance charges |
|
Insurance |
|
Additional charges |
|
Purchase total |
|
Buyer agrees to pay a down payment of [amount].
Buyer will finance [amount], which will be charged a [number] percent annual interest rate.
The amount finance will be paid in [number] installments of [amount]. Final payment will be on or before [date].
The Buyer will only receive the title to the purchased property upon the final payment.
If payments go into default for more than [number] days, the full balance shall become due. Buyer will be responsible for Seller's legal fees in this situation.
Buyer and Seller freely and willingly enter into this agreement this [date] day of [month], [year].
|
|
|
[seller printed name] |
| [seller signature] |
|
|
|
[buyer printed name] |
| [buyer signature] |
About this template
What is this template?
Conditional Sale Agreement is a free, ready-to-use Banking and finance template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Banking and finance template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. Always review the final wording against the laws that apply where you live or do business.
What's typically included?
A well-drafted Banking and finance usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.