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Hire Purchase Agreement Between Manufacturer And Hirer

Category : Agreements Hire Purchases

This agreement made on this day of between ABC etc hereinafter called the owner which expression shall include the successors and assigns unless the context otherwise admits of the one part and CD etc hereinafter called the hirer of the other part Whereas1 The owner is engaged in the business of manufacturing and has agreed to let to the hirer 2 The hirer has agreed to take on hire the said goods more particularly described in Schedule A hereto for the term of yearsfrom Now this Agreement Witnesses as follows 1 Hire The hirer shall pay to the owner on the execution of this agreement the sum of Rs as hire for the first month and on the first day of every calendar month during the period of hiring the sum of Rsby way of hire for the said goods or shall pay the rent specified in Schedule B hereto which payable without demand on the day therein mentioned 2 Option to purchase The hirer shall at any time during the hiring have the option to purchase the said goods for Rsa...