Hire Purchase Agreement

Hire purchase agreement is an agreement where an individual or business (hirer) agrees to pay for goods in installments while making use of the goods. Ownership of the goods transfers to the hirer upon completion of payment. Key clauses in the Hire purchase agreement are; consideration, down payment, installment, interest, ownership transfer, obligations, dispute resolution amongst others. Kindly note that this does not constitute legal advice. For customization, help or complaints call us on 08162413913