The Installment Agreement is essential for transactions where buyers need to spread payments over time while sellers require legal security for the extended payment terms. This document type is commonly used in both B2B and B2C contexts under Danish law, particularly for significant purchases such as equipment, vehicles, or other high-value items. The agreement must comply with Danish legislation, including the Credit Agreements Act and Consumer Contracts Act when applicable. It typically includes detailed payment schedules, interest calculations, and default provisions. The document is structured to protect both parties' interests while ensuring transparency in the transaction terms and conditions. Industries frequently utilizing this agreement include retail, automotive, and equipment manufacturing, where installment purchases are common practice.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Installment Agreement
I need an Installment Agreement for a manufacturing equipment purchase worth 500,000 DKK, with monthly payments over 36 months starting March 2025, including security interest in the equipment and maintenance terms.
1. Parties: Identification of the seller/creditor and buyer/debtor with full legal names, addresses, and registration numbers
2. Background: Context of the agreement and description of the transaction
3. Definitions: Key terms used throughout the agreement
4. Object of Purchase: Detailed description of goods/services being purchased
5. Purchase Price: Total purchase price including any applicable taxes
6. Payment Terms: Installment amount, number of installments, payment dates, and payment method
7. Interest Rate: Applicable interest rate, APR, and calculation method
8. Default and Acceleration: Consequences of missed payments and conditions for acceleration of debt
9. Title and Risk: When title passes to the buyer and risk allocation
10. Representations and Warranties: Basic warranties regarding authority to enter agreement and condition of goods
11. Governing Law and Jurisdiction: Specification of Danish law and competent courts
12. Signatures: Execution blocks for all parties
1. Security: Include when collateral or security interest is required
2. Insurance: Include when insurance of the purchased item is required
3. Early Repayment: Include when early repayment options are offered
4. Assignment: Include when transfer rights need to be specified
5. Force Majeure: Include for long-term installment agreements
6. Maintenance and Service: Include for goods requiring ongoing maintenance
7. Return Rights: Include for consumer contracts with return options
8. Data Protection: Include when personal data processing is involved
1. Payment Schedule: Detailed breakdown of all installment payments with dates and amounts
2. Product Specification: Detailed technical specifications of goods being purchased
3. Interest Calculation: Detailed breakdown of interest calculations and total cost of credit
4. Delivery Schedule: If goods are delivered in installments, detailed delivery timeline
5. Security Documentation: If applicable, documents relating to collateral or security
6. Maintenance Terms: If applicable, detailed maintenance or service requirements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Retail
Automotive
Consumer Goods
Manufacturing
Construction
Electronics
Furniture
Industrial Equipment
Real Estate
Technology
Agriculture
Medical Equipment
Relevant Teams
Legal
Finance
Sales
Credit Control
Commercial
Risk Management
Compliance
Collections
Business Development
Customer Service
Relevant Roles
Finance Manager
Credit Controller
Sales Director
Legal Counsel
Contract Manager
Commercial Director
Risk Manager
Credit Analyst
Account Executive
Business Development Manager
Compliance Officer
Collections Manager
Find the exact document you need
Transfer Pricing Agreement
A legally binding agreement establishing transfer pricing methodology between related entities, compliant with Danish tax law and OECD Guidelines.
find out more
Double Tax Avoidance Agreement
Danish-law governed bilateral treaty preventing double taxation between Denmark and partner country, establishing tax rights and dispute resolution mechanisms.
find out more
Double Tax Agreement
A Danish-law governed Double Tax Agreement that prevents double taxation and tax evasion between Denmark and another country while establishing clear taxing rights and dispute resolution mechanisms.
find out more
Advance Price Agreement
A binding agreement under Danish law between taxpayer(s) and tax authorities establishing approved transfer pricing methodologies for future intercompany transactions.
find out more
Fuel Tax Agreement
A Danish law agreement establishing fuel tax compliance and reporting obligations between tax authorities and fuel consumers/suppliers.
find out more
Tax Indemnification Agreement
Danish law-governed agreement establishing tax indemnification obligations between parties, defining protection against specified tax liabilities and associated procedures.
find out more
Tax Sharing Agreement
A Danish law-governed agreement establishing tax sharing arrangements between group entities, compliant with Danish corporate tax legislation and joint taxation requirements.
find out more
Installment Agreement
A Danish law-governed agreement enabling purchase of goods or services through structured periodic payments, compliant with Danish credit and contract legislation.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.