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Conditional Sales Agreement WITNESSED THIS AGREEMENT dated March 7, 2013, by and between THE STATE OF INDIANA acting through the Indiana Department of Administration, (Seller) and, (Buyer). In consideration

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What is conditional sales agreement?

A conditional sales agreement is a contract between a buyer and a seller where the buyer agrees to make installment payments to the seller until the full purchase price is paid. The seller holds the ownership rights to the goods until the final payment is made.

Who is required to file conditional sales agreement?

The seller or creditor is required to file the conditional sales agreement.

How to fill out conditional sales agreement?

To fill out a conditional sales agreement, both the buyer and the seller need to provide their personal and contact information, describe the goods being sold, specify the purchase price, installment details, terms and conditions, and include any applicable signatures.

What is the purpose of conditional sales agreement?

The purpose of a conditional sales agreement is to establish a legal arrangement that allows a buyer to make payments over time while the seller retains ownership rights to the goods. It protects the interests of both parties involved in the sale.

What information must be reported on conditional sales agreement?

A conditional sales agreement typically requires reporting of buyer and seller details, description and identification of the goods, purchase price, the payment schedule, interest rate (if applicable), and any terms and conditions agreed upon by the parties.

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