Conditional Sale Agreement
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] |
5.0 out of 5 on Google
Read reviewsAs seen in
Frequently asked questions
A template isn't binding on its own - like any contract, it becomes binding once it's properly completed and signed. Templates in our curated library are professionally drafted for US or UK law; review any template before you sign it.
Yes. Chat with GitLaw to edit any section, or make changes directly in the editor.
Yes, read about team plans here.
Describe what you need in the chat and GitLaw will draft it for you.
Templates in our curated library are professionally drafted for US or UK law. The wider library comes from the GitLaw community and public sources - a solid starting point, but check any template fits your situation before you rely on it.
Mostly US and UK law. Some templates use general commercial terms that work across jurisdictions, and many note which law they're written for.
It depends on the situation. Templates work well for routine business agreements. For anything involving significant money, complex IP, employment, or areas you're unsure about, it's worth getting professional advice before you sign. GitLaw provides templates and tools, not legal advice.
Open any template in GitLaw and describe the change you want in the chat — 'make clause 4 mutual' or 'add a 30-day notice period', for example. GitLaw drafts the revised language and shows it as a suggested edit. You accept, reject, or keep editing from there.
Yes. Upload a Word, PDF, or Markdown file and GitLaw will open it in the editor. You can review, edit, or chat with GitLaw about it the same way you would with any template from the library.
Trusted by 5,000+ businesses
From template to signed, in one place
Every template opens in an editor with an AI agent alongside it.
Open
Pick a template and open it. Nothing to download, and no credit card to start.
Free to open
Edit with AI
Describe your situation in chat and the agent adapts the wording, clause by clause.
Tracked changes you can review
Send and sign
Share it for negotiation, then collect signatures without leaving GitLaw.
eSign included
Built for your legal work,
with practicing lawyers
Trained on 5,500+ clauses and specialist areas of law. Built with a standards committee of independent lawyers.
As seen in
Ready to get started?
No sales calls, no credit card. Just chat with GitLaw.
GitLaw provides templates and tools, not legal advice. Templates are a starting point, not a substitute for advice on your situation - for anything significant, speak to a qualified lawyer.