The Retail Installment Contract And Security Agreement is essential for businesses engaging in financed retail sales in India. This document serves dual purposes: it establishes the terms of an installment sale while creating a security interest in the sold goods. Used primarily in transactions where consumers purchase significant items through periodic payments, it protects the seller's or financier's interests while ensuring compliance with Indian consumer protection laws, RBI guidelines, and financing regulations. The agreement is particularly crucial in sectors dealing with high-value consumer goods, combining detailed payment schedules, interest calculations, and security provisions in accordance with Indian contract law and SARFAESI Act requirements. It includes mandatory disclosures, buyer's rights, default procedures, and remedies available under Indian jurisdiction.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the seller/secured party and the buyer/debtor with complete details
2. Background: Context of the transaction and relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Purchase and Sale: Details of the goods being sold and purchased, including description and price
5. Payment Terms: Total amount, down payment, installment amounts, payment schedule, and interest rate
6. Security Interest: Creation and terms of the security interest in the purchased goods
7. Representations and Warranties: Statements and guarantees made by both parties regarding the transaction
8. Buyer's Obligations: Maintenance, insurance, and other obligations regarding the secured property
9. Default and Remedies: Events of default and rights of the secured party upon default
10. Insurance Requirements: Mandatory insurance coverage for the secured property
11. Notices: Process and addresses for sending formal communications
12. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
13. General Provisions: Standard contract clauses including amendments, severability, and entire agreement
1. Extended Warranty: Additional warranty terms if an extended warranty is purchased
2. Maintenance Services: Terms for additional maintenance services if offered with the purchase
3. Trade-In Details: Terms relating to any trade-in vehicle or goods applicable to the purchase
4. Electronic Payment Authorization: Authorization for automatic debit of installment payments
5. Co-Signer Provisions: Terms applicable when a co-signer is involved in the transaction
6. Prepayment Terms: Specific terms regarding early payment options and any associated charges
7. Assignment Rights: Specific terms regarding the right to assign the contract to third parties
1. Schedule A - Product Description: Detailed description of the goods being purchased
2. Schedule B - Payment Schedule: Detailed breakdown of all payments, including dates and amounts
3. Schedule C - Interest Calculation: Method and examples of interest calculation
4. Schedule D - Insurance Requirements: Specific insurance requirements and minimum coverage details
5. Schedule E - Delivery Terms: Details of delivery location, timing, and responsibilities
6. Appendix 1 - Disclosure Statement: Mandatory disclosures under Indian consumer protection laws
7. Appendix 2 - Maintenance Requirements: Detailed maintenance requirements for the secured property
Find the exact document you need
Simple Security Agreement
An Indian law-governed agreement creating security interests over assets in favor of a lender/security holder, establishing terms for security creation, maintenance, and enforcement.
Download
Alarm Monitoring Agreement
An Indian law-governed agreement establishing terms for professional alarm monitoring services, including service provider and customer obligations, monitoring protocols, and response procedures.
Download
Motor Vehicle Security Agreement
An Indian law-governed agreement creating security interest over a motor vehicle in favor of a lender, compliant with Motor Vehicles Act and SARFAESI Act.
Download
Personal Information Confidentiality Agreement
An Indian law-compliant confidentiality agreement for protecting personal information, incorporating requirements from key Indian data protection legislation.
Download
Simple Security Deposit Agreement
An Indian law-governed agreement establishing terms for managing security deposits between parties, including payment, maintenance, and return conditions.
Download
Security Cheque Agreement
An Indian law-governed agreement establishing terms for providing and holding post-dated cheques as security for an underlying obligation.
Download
Security Deposit Agreement
An Indian law-governed agreement establishing terms for holding and managing a security deposit, including deposit amount, maintenance conditions, and return provisions.
Download
Pledge Agreement
An Indian law-governed agreement creating a security interest through pledge of assets, detailing rights, obligations, and enforcement mechanisms between pledgor and pledgee.
Download
Penetration Testing Confidentiality Agreement
An Indian law-governed confidentiality agreement for penetration testing services, protecting sensitive information during authorized security testing activities.
Download
Data Privacy Contract
An Indian law-compliant Data Privacy Contract governing personal data processing activities, security measures, and compliance requirements between contracting parties.
Download
Collateral Substitution Agreement
An Indian law-governed agreement that establishes the framework and process for substituting one form of collateral for another in a secured lending arrangement.
Download
Sale Of LLC Interest Agreement
An Indian law-governed agreement facilitating the transfer of LLC ownership interests from seller to purchaser, ensuring compliance with Indian corporate and regulatory requirements.
Download
Safe Deposit Box Rental Agreement
An Indian law-governed agreement setting out terms for safe deposit box rental between a financial institution and its customers, compliant with Indian banking regulations.
Download
Purchase Money Security Agreement
An Indian law-governed agreement creating a security interest in property purchased with financed funds, establishing lender rights and borrower obligations until full payment.
Download
Debenture Purchase Agreement
An Indian law-governed agreement documenting terms and conditions for the purchase of debentures issued by a company to investors, including key terms, rights, and obligations.
Download
Purchase Security Agreement
An Indian law-governed agreement creating security interest over purchased assets, defining terms of security, collateral, and enforcement rights.
Download
Note And Security Agreement
An Indian law-governed agreement combining a promissory note with security arrangements, establishing loan terms and security interests while ensuring statutory compliance.
Download
Factoring And Security Agreement
An Indian law-governed agreement combining factoring of receivables with security creation, enabling businesses to obtain financing while providing security to the factor.
Download
Consumer Security Agreement
An Indian law-governed security agreement between a financial institution and consumer borrower, creating security over assets to secure financial obligations.
Download
Data Protection Agreement
An Indian law-governed agreement establishing terms for personal data processing and protection, ensuring compliance with India's data protection regulations.
Download
Commercial Pledge Agreement
An Indian law-governed agreement creating a security interest over movable assets through pledge arrangement between a pledgor and pledgee.
Download
Membership Interest Pledge Agreement
An Indian law-governed agreement creating a security interest over company membership interests as collateral for financial obligations.
Download
Membership Interest Agreement
An Indian law-governed agreement for transferring or acquiring membership interests in a company/LLP, establishing rights, obligations, and governance terms.
Download
Irrevocable Pledge Agreement
An Indian law-governed agreement creating an irrevocable security interest over assets in favor of a pledgee, detailing pledge terms and enforcement rights.
Download
Lease Security Agreement
An Indian law-governed agreement that establishes terms for managing lease security deposits, protecting both landlord and tenant interests.
Download
Guaranty And Security Agreement
An Indian law-governed agreement combining guarantee obligations and security arrangements, establishing both personal guarantees and asset-based security for financial obligations.
Download
Global Master Repurchase Agreement
An Indian law-governed master agreement for securities repurchase transactions, establishing terms for repo and reverse repo dealings while ensuring compliance with local regulations.
Download
Equipment Security Agreement
An Indian law-governed agreement creating security interest over equipment as collateral for financial facilities, compliant with SARFAESI Act and related legislation.
Download
Auto Loan Security Agreement
An Indian law-governed security agreement for vehicle financing that creates a security interest in favor of the lender while establishing loan terms and borrower obligations.
Download
Stock Escrow Agreement
An Indian law-governed agreement establishing terms for third-party custody of shares pending fulfillment of specified conditions, compliant with Companies Act and SEBI regulations.
Download
Personal Security Agreement
An Indian law-governed agreement establishing terms for personal security services, including operational protocols and compliance requirements under Indian security regulations.
Download
Security Deposit Installment Agreement
An Indian law-governed agreement establishing terms for paying and managing a security deposit through installments instead of a single payment.
Download
Collateral Account Control Agreement
An Indian law agreement establishing control mechanisms over bank accounts as collateral security, typically used in secured financing arrangements.
Download
Collateral Account Agreement
An Indian law-governed agreement establishing security over bank accounts and their contents, defining control rights and operational procedures between borrowers, lenders, and account banks.
Download
Chattel Security Agreement
An Indian law-governed agreement creating security interests over movable property (chattels) as collateral for financial obligations.
Download
Business Security Agreement
An Indian law-governed agreement creating security interests over business assets in favor of lenders, establishing rights and enforcement mechanisms under Indian security and banking laws.
Download
Trademark Security Agreement
An Indian law-governed agreement creating a security interest in trademarks as collateral for financial obligations.
Download
Retail Installment Contract And Security Agreement
An Indian law-governed agreement combining retail installment sales terms with security arrangements for financed consumer purchases.
Download
Subordinated Creditors Security Agreement
An Indian law-governed agreement establishing security rights for subordinated creditors and regulating priority between different classes of creditors.
Download
Convertible Bond Subscription Agreement
An Indian law-governed agreement detailing terms for investor subscription to convertible bonds with future equity conversion rights.
Download
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
.png)