51Ƶ

Bill Of Sale With Payment Terms for the United Kingdom

Bill Of Sale With Payment Terms Template for England and Wales

A Bill of Sale with Payment Terms is a legal document used in England and Wales that evidences the transfer of ownership of personal property from a seller to a buyer, incorporating specific terms for payment over time. The document combines the traditional elements of a bill of sale with detailed payment arrangements, including installment schedules, interest rates, and default provisions. It must comply with the Bills of Sale Acts and related consumer credit legislation, providing security for the seller while offering structured payment options for the buyer.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Bill Of Sale With Payment Terms

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Bill Of Sale With Payment Terms?

The Bill of Sale With Payment Terms is essential when transferring ownership of valuable personal property while allowing for payments to be made over time. This document type is commonly used in England and Wales for transactions where immediate full payment isn't feasible or desired. It provides legal protection for both parties by clearly documenting the sale terms, payment schedule, and ownership rights. The document must comply with the Bills of Sale Act 1878 and related legislation, making it particularly important for high-value transactions where security and clear payment terms are crucial.

What sections should be included in a Bill Of Sale With Payment Terms?

1. Parties: Identification of seller and buyer with full legal names and addresses

2. Background: Context of the sale and brief description of the transaction

3. Definitions: Key terms used throughout the document

4. Property Description: Detailed description of goods being sold

5. Purchase Price: Total amount and payment structure

6. Payment Terms: Schedule of payments, interest rates, and payment methods

7. Transfer of Title: When and how ownership transfers

8. Warranties: Seller's warranties regarding the goods

What sections are optional to include in a Bill Of Sale With Payment Terms?

1. Condition of Goods: Detailed description of current condition, use when selling used goods

2. Security Interest: Details of any security interest retained, use when seller maintains security interest until full payment

3. Insurance Requirements: Insurance obligations, use when valuable goods are involved

4. Default Provisions: Consequences of payment default, use when payment terms extend over time

What schedules should be included in a Bill Of Sale With Payment Terms?

1. Schedule 1 - Detailed Property Description: Comprehensive description including serial numbers, specifications, etc.

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and due dates

3. Schedule 3 - Condition Report: Detailed condition assessment if selling used goods

4. Appendix A - Photographs: Visual documentation of the goods being sold

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions





















Clauses
























Industries

Bills of Sale Act 1878: Primary legislation governing bills of sale that sets out basic requirements for validity and defines what constitutes a bill of sale

Bills of Sale Amendment Act 1882: Also known as the 'Consumer Credit Act', provides additional protection for borrowers and sets out registration requirements

Consumer Credit Act 1974: Regulates credit agreements, applies if the payment terms constitute a credit arrangement, and sets out requirements for credit agreements with consumers

Sale of Goods Act 1979: Governs the sale of goods in general, defines rights and obligations of buyers and sellers, and includes implied terms about title, quality, and fitness for purpose

Unfair Contract Terms Act 1977: Restricts ability to exclude or limit liability, affects terms relating to quality and fitness, and is relevant for payment and default terms

Consumer Rights Act 2015: Applies when selling to consumers rather than businesses, provides additional consumer protections, and affects terms about quality and fitness

Late Payment of Commercial Debts (Interest) Act 1998: Relevant for payment terms in business-to-business transactions and establishes statutory interest rates for late payments

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Vessel Purchase And Sale Agreement

An England & Wales legal document outlining terms for vessel ownership transfer and compliance with maritime regulations.

find out more

Vehicle Offer And Sale Agreement

An England & Wales legal document detailing vehicle sale terms, ensuring compliance and protecting buyer and seller interests.

find out more

Simple Land Sale Contract

An England & Wales legal document outlining terms for property sale and ownership transfer.

find out more

Sell By Owner Contract

An England & Wales legal document facilitating direct property sale between owner and buyer without an estate agent.

find out more

Sales Distribution Agreement

An England & Wales legal document outlining third-party distribution rights and obligations for product sales.

find out more

Motorcycle Bike Sale Agreement

An England & Wales legal document formalizing motorcycle sales, ensuring compliance with relevant consumer protection laws.

find out more

Letter Of Agreement Between Buyer And Seller Of Land

An England & Wales document outlining preliminary land sale terms before formal contract exchange.

find out more

International Sales Agreement

An England & Wales contract outlining terms for international goods trade, addressing currency, shipping, and compliance.

find out more

Independent Sales Agent Agreement

An England & Wales agreement outlining terms for independent sales agents, ensuring compliance and protecting both parties' interests.

find out more

Horse Buying Contract

An England & Wales contract detailing horse purchase terms, ensuring compliance with equine and welfare regulations.

find out more

For Sale As Is Contract

A legal agreement outlining the sale of property in its current condition without warranties or repairs.

find out more

Entity Purchase Buy Sell Agreement

A legal document outlining terms for buying or selling an entity, detailing rights and obligations of involved parties.

find out more

Contract For Vehicle Sale With Payments

A legal document from England & Wales granting power of attorney for financial and property affairs management.

find out more

Commission Agent Agreement

A legal document from England & Wales granting power of attorney for financial and property matters.

find out more

Buy Sell Agreement For Small Business

A legal agreement in England & Wales outlining terms for the transfer of intellectual property rights between parties.

find out more

Business Sales Agreement Form

A legal document from England & Wales granting power of attorney for financial and property affairs management.

find out more

Business Purchase Agreement Form

A legal document from England & Wales granting power of attorney for financial and property affairs management.

find out more

Sales Draw Agreement

An English law agreement establishing guaranteed payments (draws) against future sales commissions for sales representatives.

find out more

Rv Purchase Agreement

A legal agreement under English and Welsh law for the sale and purchase of recreational vehicles, defining terms, conditions, and obligations of all parties.

find out more

Buy Sell Agreement Corporation

A legally binding agreement under English and Welsh law governing the purchase and sale of corporate shares, including transfer terms and conditions.

find out more

Future Receipts Sale Agreement

An English law agreement for the sale of future business income streams in exchange for immediate capital.

find out more

Contract To Sell Land By Owner

A legal agreement under English and Welsh law for the direct sale of land or property from owner to buyer, without estate agent involvement.

find out more

Real Estate Sales Agreement Form

A legally binding agreement for property sales in England and Wales, detailing terms and conditions of real estate transfer.

find out more

Lease Option Agreement For Sale

An English law agreement combining a property lease with an option to purchase the property at a predetermined price within an agreed timeframe.

find out more

Seller Rent Back Agreement Form

A regulated agreement under English and Welsh law enabling property owners to sell their property while remaining as tenants.

find out more

Patent Sale Agreement

A legally binding agreement under English and Welsh law for the transfer of patent rights from one party to another.

find out more

Old Vehicle Sale Agreement

An agreement under English and Welsh law documenting the sale and transfer of ownership of a used vehicle, including vehicle details, conditions, and payment terms.

find out more

Laptop Sale Agreement

A legal agreement under English and Welsh law governing the sale and purchase of a laptop, including specifications, payment terms, and warranties.

find out more

Vessel Purchase And Sale Agreement Form

An English law agreement for the sale and purchase of vessels, incorporating maritime regulations and transfer of ownership provisions.

find out more

Plot Sale Agreement Form

A legal agreement for the sale of undeveloped land under English and Welsh law.

find out more

Scrap Sale Agreement

A contract governed by English and Welsh law that establishes terms for the sale and purchase of scrap materials.

find out more

Private Token Sale Agreement

An England and Wales law-governed agreement for the private sale of digital tokens between an issuer and selected purchasers.

find out more

Vehicle Sale Agreement Between Two Parties

A legally binding agreement under English and Welsh law documenting the sale and transfer of ownership of a vehicle between two parties.

find out more

Truck Sale Agreement

A legal agreement for the sale and purchase of a truck under English and Welsh law, detailing terms of sale and transfer of ownership.

find out more

Gold Sale Agreement

A contract under English and Welsh law governing the sale and purchase of gold, including terms for delivery, payment, and quality assurance.

find out more

Debt Sale Agreement

An English law agreement governing the sale and transfer of debt portfolios between parties, setting out terms, conditions, and regulatory compliance requirements.

find out more

Contract Sales Representative

A legally binding agreement under English and Welsh law establishing the terms of engagement between a company and a sales representative.

find out more

Bill Of Sale With Payment Terms

A legal document under English and Welsh law that transfers ownership of property while establishing payment terms and schedules.

find out more

Agreement For Sale Without Possession

An English law agreement for property sale where the buyer doesn't take immediate possession, typically used in investment or sale-and-leaseback scenarios.

find out more

Employer Employee Sales Commission Agreement

An English law agreement establishing commission-based compensation terms between employer and employee.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it