Some text in this preview is hidden by ■ to prevent copying
Highlighted text indicates that you need to enter information. Our guidance notes will help you with the editing.
£15.00
This Hire Purchase Agreement shall be used where the supplier hires its equipment directly to the hirer and allows the hirer to take control and use the equipment for the payment of equal monthly instalments. The hirer pays an initial deposit, with the remainder of the balance and interest paid over a defined period of time. At the end of the contract period ownership of the equipment transfers to the hirer.
The main difference between a Hire Purchase and a Contract Hire is that with a Hire Purchase ownership of the equipment is transferred to the hirer on the payment of the last instalment.
A Hire Purchase arrangement is particularly suitable for businesses wishing to purchase assets without paying the full value immediately.
Please note: This Hire Purchase Agreement shall be used where both the supplier and the hirer are incorporated businesses (i.e. one company hires equipment, which it owns, to another company). Do not use this template where the hirer is a sole trader or another unincorporated body as certain hire purchase agreements are regulated under the consumer credit regime; and this agreement assumes that it is exempt from regulation under the consumer credit regime.
This Hire Purchase Agreement contains the following clauses:
SCHEDULE 1
SCHEDULE 2
This Hire Purchase Agreement is in Microsoft Word format, written in plain English, easy to use and edit.
With our Check My Template Service, a lawyer will check over your edited document to ensure the information you added is correct and the document is complete, legally binding and will achieve your goals. We will also check that your use of defined terms is correct and consistent and correct spelling mistakes, so that you can be confident that your edited document template is ready for signature.
What You Get:
Detailed assessment of your edited document template
We answer all questions you might have relating to your document template
Check that your use of defined terms is correct and consistent
Correct spelling mistakes
Ensuring your document template is ready to sign
How It Works:
Edit your document template as fully as possible
Send the document to us either upload it through our website or email it to info@thelegalstop.co.uk
We will get in touch with you if we need more information
We return your reviewed document ready to sign within 2 working days
You can use the phone number or contact form below to get in touch with us.
+44 (0) 208 870 5522
If we currently don’t have the template you need we can always draft it for you at no extra cost & 100% money back guaranteed, simply send us a no obligation request by filling in the form below.
We aim for a 7 day turnaround - you will receive an email notification when your template is ready for download from our website.
