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This Bike Hire Purchase Agreement is designed for use in Ireland when a customer wishes to purchase a bicycle through hire purchase financing. The agreement complies with Irish consumer credit legislation, particularly the Consumer Credit Act 1995 and Hire Purchase Acts 1946-1960. It should be used when a finance company is providing credit for a bicycle purchase where ownership will transfer to the customer after all payments are made. The document includes essential information about the bicycle, financial terms, payment schedule, maintenance requirements, insurance obligations, and the rights and responsibilities of all parties. It's suitable for both individual consumers and business customers, with optional provisions for different use cases. The agreement provides protection for the finance company's interests while ensuring compliance with consumer protection regulations.

1. Parties: Identification of the finance company (owner) and the hirer, including full legal names and addresses

2. Background: Brief context explaining the purpose of the agreement and the intention to enter into a hire purchase arrangement for a bicycle

3. Definitions: Definitions of key terms used throughout the agreement, including 'Goods', 'Hire Purchase Price', 'Deposit', 'Instalments'

4. The Goods: Detailed description of the bicycle, including make, model, specifications, and serial number

5. Financial Terms: Details of the total hire purchase price, deposit amount, number and amount of instalments, interest rate, and APR as required by consumer credit legislation

6. Payment Terms: Payment schedule, method of payment, and consequences of late or missed payments

7. Title and Risk: Clarification that title remains with the owner until final payment, while risk passes to the hirer

8. Hirer's Obligations: Responsibilities including maintenance, insurance, and proper use of the bicycle

9. Owner's Obligations: Responsibilities including delivery, warranty obligations, and transfer of title upon completion

10. Insurance: Requirements for insurance coverage during the hire purchase period

11. Termination: Circumstances and procedures for early termination, including voluntary termination rights under consumer legislation

12. Default and Repossession: Consequences of default and the owner's repossession rights

13. Notices: How formal notices between parties should be given

14. Governing Law: Confirmation that Irish law governs the agreement