Ƶ

Contract To Sell Installment Payment for Canada

Contract To Sell Installment Payment Template for Canada

A Canadian-compliant Contract to Sell with Installment Payment is a legally binding agreement that facilitates the sale of goods where the purchase price is paid in scheduled installments rather than as a lump sum. This document structure adheres to both federal and provincial Canadian regulations, including requirements from the Sale of Goods Act, Consumer Protection Act, and Personal Property Security Act. It establishes the terms of sale, payment schedule, interest calculations, security interests, and the rights and obligations of all parties involved. The agreement includes specific provisions for default remedies, title transfer conditions, and security interest maintenance in accordance with Canadian law.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Contract To Sell Installment Payment

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Contract To Sell Installment Payment?

The Contract to Sell Installment Payment is designed for transactions where goods are sold with the purchase price paid over time through scheduled installments. This document type is particularly relevant in Canada, where it must comply with both federal legislation (such as the Interest Act and Criminal Code provisions on interest rates) and provincial regulations (including the Consumer Protection Act and Personal Property Security Act). The agreement is commonly used for significant purchases in both business-to-business and business-to-consumer contexts, providing a structured framework for installment sales while protecting the interests of both parties. It includes essential elements such as payment terms, security interests, title transfer conditions, and default remedies, all tailored to meet Canadian legal requirements. This type of contract is particularly important when sellers wish to maintain security interest in the goods until full payment is received, requiring careful attention to PPSA registration and compliance.

What sections should be included in a Contract To Sell Installment Payment?

1. Parties: Identifies and provides full details of the seller and buyer

2. Background: Establishes the context of the sale and the parties' intention to enter into an installment payment arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Sale and Purchase: Details the property being sold and the agreement to sell/purchase

5. Purchase Price: Specifies the total purchase price and breakdown of costs

6. Payment Terms: Details the installment payment structure, including down payment, number of installments, payment amounts, and due dates

7. Interest Rate: Specifies the interest rate applied to the installment payments and how it's calculated

8. Title and Risk: Addresses when title passes to the buyer and who bears risk during the payment period

9. Security Interest: Details the seller's security interest in the property until full payment

10. Buyer's Covenants: Lists the buyer's obligations including maintenance, insurance, and use restrictions

11. Default and Remedies: Specifies what constitutes default and the available remedies

12. Notices: Details how formal communications between parties should be made

13. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and amendments

What sections are optional to include in a Contract To Sell Installment Payment?

1. Property Insurance: Required when the property needs specific insurance coverage during the payment period

2. Assignment: Include when either party may need to transfer their rights under the agreement

3. Early Payment Provisions: Include when early payment options or discounts are offered

4. Co-signer Obligations: Required when a co-signer or guarantor is involved

5. Maintenance and Repairs: Include for sales of equipment or vehicles requiring specific maintenance

6. Use Restrictions: Include when there are specific restrictions on how the property can be used

7. Cross-Collateralization: Include when the security interest extends to other property

8. Export Restrictions: Include for goods that have export restrictions or international use limitations

What schedules should be included in a Contract To Sell Installment Payment?

1. Schedule A - Property Description: Detailed description of the property being sold, including serial numbers, specifications, or other identifying information

2. Schedule B - Payment Schedule: Detailed breakdown of all payments, including dates, amounts, and allocation between principal and interest

3. Schedule C - Delivery Details: Specifics about property delivery or pickup arrangements

4. Schedule D - Condition Report: Documentation of the property's condition at time of sale

5. Schedule E - Warranty Details: Details of any warranties or guarantees included with the sale

6. Appendix 1 - Insurance Requirements: Specific insurance requirements and minimum coverage amounts

7. Appendix 2 - Maintenance Schedule: Required maintenance schedule and procedures, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Ƶ

Document Type

Sales Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions


































Clauses




































Relevant Industries

Retail

Automotive

Manufacturing

Construction Equipment

Industrial Machinery

Agriculture

Technology

Commercial Real Estate

Consumer Goods

Heavy Equipment

Furniture and Appliances

Medical Equipment

Relevant Teams

Legal

Finance

Sales

Credit and Collections

Risk Management

Compliance

Operations

Commercial

Procurement

Contract Administration

Relevant Roles

Sales Manager

Legal Counsel

Contract Administrator

Finance Manager

Credit Manager

Business Development Manager

Commercial Director

Risk Manager

Compliance Officer

Operations Manager

Account Executive

Collections Manager

Chief Financial Officer

Procurement Manager

Sales Representative

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Land Contract For Sale

A legally binding agreement for the purchase and sale of real property in Canadian jurisdictions, outlining terms and conditions for land transfer.

find out more

Dog Sale Contract

A Canadian-law governed agreement for the sale and transfer of ownership of a dog, including health guarantees and ownership responsibilities.

find out more

Dog Bill Of Sale

A Canadian legal document that formalizes the sale and transfer of ownership of a dog, ensuring compliance with provincial and federal regulations while protecting both buyer's and seller's interests.

find out more

Deed Of Sale Form For Car

A legal document for vehicle ownership transfer in Canada, detailing sale terms and complying with federal and provincial requirements.

find out more

Commission Sales Agreement

A Canadian-law governed agreement establishing terms for commission-based sales representation, including compensation structure and performance requirements.

find out more

Land For Sale Land Contract

A legally binding agreement for land sale transactions in Canada, outlining terms and conditions for property transfer from seller to buyer.

find out more

Deed Of Sale For Property

A legally binding document under Canadian law that transfers real property ownership from seller to buyer, containing all essential terms and conditions of the sale.

find out more

Sale Agreement Of Immovable Property

A legally binding agreement used in Canadian jurisdictions to document and facilitate the transfer of real estate ownership between a vendor and purchaser, outlining all essential terms and conditions of the sale.

find out more

Real Estate Installment Sales Contract

A Canadian-law governed agreement for the sale of real estate property through scheduled installment payments, with the seller retaining title until full payment is received.

find out more

Contract To Sell

A Canadian-law governed agreement documenting terms and conditions for the sale of goods between parties, compliant with federal and provincial regulations.

find out more

Farm Purchase Agreement

A Canadian legal agreement for the purchase and sale of agricultural property, including land, buildings, equipment, and associated rights under federal and provincial jurisdiction.

find out more

Non Compete Agreement Sale Of Business

A Canadian legal agreement that prevents a business seller from competing with the sold business, including specific temporal and geographic restrictions.

find out more

Sale Of Business As A Going Concern Agreement

A Canadian law-governed agreement for the transfer of an operational business entity, including all assets, liabilities, and ongoing operations from vendor to purchaser.

find out more

Agreement To Sell With Possession

A Canadian legal agreement that combines property sale terms with immediate possession arrangements, allowing the buyer to occupy the property before the sale closes.

find out more

Form For Sale Of Vehicle

A Canadian-compliant agreement template for vehicle sales transactions, suitable for use by private individuals, businesses, and dealerships.

find out more

Used Equipment Sales Agreement

A Canadian-law governed agreement for the sale and purchase of used equipment, defining terms, conditions, and obligations for both parties.

find out more

Offer To Sell

A Canadian-compliant formal written proposal from a seller to a buyer, detailing terms and conditions for the sale of goods, services, or assets.

find out more

Vehicle Purchase Form

A standardized form for vehicle purchases in Canada, documenting sale terms and ensuring regulatory compliance across Canadian jurisdictions.

find out more

Contract To Sell Land

A legally binding agreement for the sale and transfer of land in Canada, compliant with federal and provincial property laws.

find out more

Lease To Purchase Contract

A Canadian legal agreement combining a property lease with a future purchase option, structured according to federal and provincial property laws.

find out more

Real Estate Listing Contract

A Canadian-jurisdiction agreement between a property owner and real estate brokerage establishing terms for marketing and selling real property.

find out more

Definitive Purchase Agreement

A Canadian law-governed agreement that finalizes the terms and conditions for the purchase and sale of a business, its assets, or shares in an M&A transaction.

find out more

Furniture Sale Agreement

A Canadian-law governed agreement establishing terms and conditions for furniture sales, including delivery, warranties, and payment terms.

find out more

Software Sales Contract

A Canadian-law governed agreement for software sales and licensing, defining terms between vendor and purchaser including rights, obligations, and compliance requirements.

find out more

Sales Rep Agreement

Canadian-law governed agreement establishing terms for independent sales representation, including commission structure and territorial rights.

find out more

Sale Deed Agreement

A Canadian legal document that transfers property ownership from seller to buyer, complying with federal and provincial property laws and registration requirements.

find out more

Export Sale Contract

A Canadian law-governed contract establishing terms for international sale and export of goods, including delivery, payment, and regulatory compliance requirements.

find out more

Contract To Sell Motor Vehicle

A Canadian-law governed agreement for the sale and transfer of ownership of a motor vehicle, detailing terms, conditions, and legal requirements of the transaction.

find out more

Vehicle Sale Deed Agreement

A Canadian legal document formalizing vehicle ownership transfer between parties, detailing sale terms and ensuring compliance with federal and provincial regulations.

find out more

Vehicle Offer And Sale Agreement

A Canadian-compliant legal agreement documenting the terms and conditions for the sale and purchase of a vehicle, ensuring protection for both seller and buyer.

find out more

Sale Of Agreement For Land

A Canadian legal agreement documenting the terms and conditions for the transfer of land ownership between a vendor and purchaser, governed by federal and provincial laws.

find out more

Manufacturer Representative Agreement

A Canadian law-governed agreement establishing terms between a manufacturer and sales representative for product promotion and sales within a defined territory.

find out more

Land Sale Agreement Form

A standardized legal document for real property transfers in Canada, outlining terms and conditions of sale while ensuring compliance with Canadian property law.

find out more

Exclusive Sales Contract

A Canadian-law governed agreement establishing exclusive sales rights between a supplier and sales representative, defining territory, terms, and performance requirements.

find out more

Agreement To Sell Personal Property Form

A Canadian legal agreement for the sale and transfer of personal property, establishing terms, conditions, and obligations for both buyer and seller.

find out more

Pleasure Craft Sales Contract

A Canadian-law governed contract for the sale and purchase of pleasure craft vessels, including terms of sale, vessel specifications, and ownership transfer requirements.

find out more

Bona Fide Sales Contract

A Canadian law-governed contract formalizing the sale and purchase of goods, detailing terms, conditions, and obligations of both parties.

find out more

Agreement To Sell House

A Canadian legal contract documenting the terms and conditions for the sale and purchase of residential property, ensuring compliance with federal and provincial real estate laws.

find out more

Lease Option Property For Sale

A Canadian legal document combining a property lease agreement with an option to purchase, establishing terms for both rental period and potential future sale under Canadian law.

find out more

Motor Vehicle Retail Installment Sales Contract

A Canadian-compliant contract for the sale and financing of motor vehicles through installment payments, combining purchase terms with financing arrangements.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it