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This Hire and Purchase Agreement is drafted for the purpose of a Hire and Purchase Transaction between an Owner and a Hirer. This agreement is drafted in neutral form and includes clauses relating to delivery, warranty, title and payment.
A Hire and Purchase Agreement is similar to that of a supply agreement or sales agreement.
This document should be carefully read by the Hirer and Owner.
This hire and purchase agreement may be used when there is a transaction between an Owner and a Hirer, whereby goods are hired and terms of the agreement need to be agreed upon.
This document may be used in the hire and purchase agreement if it is to be drafted in neutral form.
Both parties should sign and return a copy, and once signed, both parties should get a copy.
All terms and conditions regarding the hire and purchase should be clearly stated in the agreement.