Document background
The Installment Agreement is a crucial document used when parties wish to arrange the purchase of goods or services through periodic payments rather than a single lump sum. This agreement type is common in both business-to-business and business-to-consumer contexts under Dutch law, particularly for high-value purchases such as equipment, vehicles, or substantial commercial goods. The document incorporates mandatory provisions from the Dutch Civil Code (Burgerlijk Wetboek), including consumer protection measures where applicable, and addresses key aspects such as payment schedules, delivery terms, title retention, and default remedies. It's particularly relevant in scenarios where financing is needed but traditional lending arrangements are not preferred or available. The agreement provides security for sellers while offering buyers payment flexibility, all within the framework of Dutch legal requirements.
