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The Credit Purchase Agreement is a vital financial instrument in Philippine commercial transactions, used when a buyer requires credit facilities to finance the purchase of goods or services. This document is essential for businesses and individuals seeking structured payment arrangements, particularly in high-value transactions. The agreement must strictly comply with Philippine banking regulations, including the Truth in Lending Act (Republic Act No. 3765) and Bangko Sentral ng Pilipinas guidelines. It typically includes comprehensive details about credit terms, interest calculations, payment schedules, security arrangements, and default provisions. The document is particularly crucial in protecting both creditor and debtor interests while ensuring transparency in credit transactions as required by Philippine law.

1. Parties: Identification of the creditor and debtor, including complete legal names, addresses, and registration details

2. Background: Context of the credit purchase arrangement and brief description of the transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Credit Amount and Purpose: Specific details of the credit amount being extended and its intended purpose

5. Interest Rate and Charges: Clear statement of interest rates, calculation method, and all applicable fees as required by the Truth in Lending Act

6. Payment Terms: Payment schedule, installment amounts, and payment methods

7. Security Arrangements: Details of any collateral or security provided for the credit

8. Representations and Warranties: Statements of fact and assurances from both parties

9. Covenants: Ongoing obligations of the debtor during the credit term

10. Events of Default: Circumstances constituting default and consequences

11. Remedies: Rights and remedies available to the creditor in case of default

12. Term and Termination: Duration of the agreement and circumstances for early termination

13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

14. Notices: Process for sending formal notices between parties

15. Execution: Signature blocks and execution requirements