What is Hire Purchase Agreement?

Hire Purchase agreement is an agreement between the Hirer and the Owner who owns the goods, where the hirer agrees upon to pay the owner the sum owed for purchasing the goods, in installments or in percentage over a period of time or as agreed between them. It is very important to follow the hire purchase agreement format. Hire purchase agreement template free download can be found on lawyered.

Why is it important? 

By signing this agreement, you can confirm that the hirer can make use of the assets in question to make use of them at the immediate basis without making such required payments that shall be applicable. The chargeable rate of interest and fixed payment can be agreed by both the parties in the installments.

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