Installment Purchase Agreement: Definition, Terms, Example
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- Avg cost to draft a Purchase Agreement: $850.00
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What is an Installment Purchase Agreement?
An installment purchase agreement is a contract where a seller will let a buyer incrementally pay for a property or asset. If the buyer cannot purchase the asset all at once, they can seek out consent from the seller to split up the payments into installments.
These types of agreements may be involved with purchases such as real estate or cars. Installment purchase agreements typically cover the purchase price, agreed-upon installment or payment schedule, and interest accrual that may occur. In addition, an installment purchase agreement can benefit a seller by having them defer tax obligations for future tax periods because the payments they receive are broken up over time.
Common Sections in Installment Purchase Agreements
Below is a list of common sections included in Installment Purchase Agreements. These sections are linked to the below sample agreement for you to explore.
Installment Purchase Agreement Sample
Exhibit 99.1
INSTALLMENT PAYMENT AGREEMENT
This Installment Payment Agreement (the “Agreement”) is entered into as of July 3, 2014 (the “Initial Payment Date”), by and among China Carbon Graphite Group, Inc., a Nevada corporation (the “Company”), and Dengyong Jin and Benhua Du (the “Purchasers”).
WHEREAS, the Company and the Purchasers are parties to that certain Asset Purchase Agreement dated as of June 10, 2014 (the “Purchase Agreement”), pursuant to which the Company agreed to sell to the Purchasers, and the Purchasers agreed to purchase from the Company, certain of the Company’s assets (the “Transaction”) for total consideration of RMB 10,000,000 (the “Purchase Price”) payable at the closing of the Transaction (the “Closing”), of which RMB 3,730,000 shall be paid by cash (the “Cash Payment”), and RMB 6,270,000 shall be paid by the cancellation of the Company’s obligation to repay RMB 6,270,000 due and owing to one of the Purchasers (the “Indebtedness”); and
WHEREAS, the Purchasers have requested to make the Cash Payment in installments, with the final installment to be paid concurrently with the Closing (the “Request”), which Request is acceptable to the Company upon the terms and conditions set forth in this Agreement.
NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements hereinafter contained, the undersigned parties to this Agreement hereby mutually agree to all of the following:
1. Payment by Installment. In consideration of the Company’s consent to the Request, the Purchasers shall pay the Purchase Price by installment payments (each an “Installment”) as follows:
(a) On or prior to the execution of this Agreement, the Purchasers shall pay the first Installment, which shall be comprised of a portion of the Cash Payment in the total amount of RMB 600,000, and the cancellation of the full amount of the Indebtedness by the execution of the Indebtedness Cancellation Agreement in the form and substance of Exhibit A attached hereto; and
(b) On or prior to July 25, 2014, the Purchasers shall pay the remaining portion of the Cash Payment in the amount of RMB 3,130,000 in one or more Installments, with the amount of each such Installment to be determined by the Purchasers.
2. Closing of the Transaction. The parties hereto agree that the Closing shall take place concurrently with the payment of the final Installment as provided under Section 1(b) hereof.
3. Interest. In the events that any portion of the Cash Payment is not paid by July 25, 2014, interest shall accrue at the rate of 10% per annum on the basis of a year of 365 days for the actual number of days elapsed between such date and the date of payment.
4. Binding Nature of Agreement. This Agreement shall be binding upon and inure to the benefits of the parties and their respective successors and assigns.
5. Law Governing. This Agreement shall be governed by and construed under the laws of the STATE OF NEVADA, REGARDLESS OF LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICT OF LAWS THEREOF.
6. Entire Agreement. This Agreement represents the entire agreement between the parties and has been entered into by each party with a full understanding of its terms, with an opportunity to consult with counsel and without inducement or duress. This Agreement may be amended only with the written consent of the parties. If any provision in this Agreement is found to be unenforceable, all other provisions will remain fully enforceable. This Agreement may be executed in counterparts, each of which shall be considered an original, but all of which together shall constitute one and the same instrument.
[Signature page follows]
IN WITNESS WHEREOF, the undersigned have executed this Agreement on the respective dates set forth below:
Company China Carbon Graphite Group, Inc. | ||
| By: | /s/ Donghai Yu | |
| Name: Donghai Yu | ||
| Title: Chairman and CEO | ||
| Purchasers | ||
| /s/ Dengyong Jin | ||
| Name: Dengyong Jin (靳登永) | ||
| /s/ Benhua Du | ||
| Name: Benhua Du (杜本华) | ||
Reference:
Security Exchange Commission - Edgar Database, EX-99.1 2 f8k070314ex99i_chinacarbon.htm INSTALLMENT PAYMENT AGREEMENT, Viewed October 19, 2021, View Source on SEC.
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Meet some of our Installment Purchase Agreement Lawyers
Alen A.
Alen Aydinian is a seasoned real estate attorney with a wealth of experience in handling transactional matters, real estate transactions, and lease agreements. As a licensed real estate broker, Alen Aydinian brings a unique perspective to the table, allowing clients to benefit from both legal expertise and practical industry knowledge. He is a trusted advisor in the realm of real estate transactions and lease agreements. Whether representing buyers, sellers, landlords, or tenants, Alen Aydinian is committed to providing strategic counsel and dedicated advocacy every step of the way. Clients rely on him for sound legal guidance, proactive problem-solving, and unwavering support throughout the transaction process.
"I contracted Alen for a commercial lease review. I couldn't be happier with the results, as he exceeded my expectations. He completed the project 2 days ahead of the estimated timeframe, gave me high quality feedback, and suggested alternate language. We had a call at the end and he answered all of my questions in detail. Incredible value. I'm so happy I chose Alen, and I definitely recommend him to anyone else needing legal assistance."
Jonathan G.
Small Business Attorney licensed in Texas and Colorado. Based in Dallas, appointments available in DFW area.
"I've enjoyed working with Jonathan and will continue to work with him after this initial step is complete"
Leonid G.
I have been practicing law since 2018. I used to be a litigator at a nationwide practice before going in-house at a fintech company. I have experience drafting NDAs, SaaS contracts, service agreements, and stock purchase agreements.
"I highly recommend working with Leonid for any of your legal needs. Leonid clearly explained the process step by step, made sure to take the time to fully understand my case, and fought hard on our behalf. Hiring Leonid to represent my business not only made the entire process a lot less stressful, but also resulted in saving us some money on our settlement. Thanks again for all the help!"
Sarah S.
With 20 years of transactional law experience, I have represented corporate giants like AT&T and T-Mobile, as well as mid-size and small businesses across a wide spectrum of legal needs, including business purchase agreements, entity formation, employment matters, commercial and residential real estate transactions, partnership agreements, online business terms and policy drafting, and business and corporate compliance. Recognizing the complexities of the legal landscape, I am dedicated to providing accessible and transparent legal services by offering a flat fee structure, making high-quality legal representation available to all. My extensive knowledge and commitment to client success establishes me as a trusted advisor for businesses of all sizes.
"Sarah was extremely helpful in making me contracts that I needed for wholesaling real estate. Also gave me all the licenses I needed for my business and answered all my questions on information I was unsure of in the business. Will definitely only be going to Sarah for any of my legal needs."
Rhea d.
Rhea de Aenlle is a business-savvy attorney with extensive experience in Privacy & Data Security (CIPP/US, CIPP/E), GDPR, CCPA, HIPAA, FERPA, Intellectual Property, and Commercial Contracts. She has over 25 years of legal experience as an in-house counsel, AM Law 100 firm associate, and a solo practice attorney. Rhea works with start-up and midsize technology companies.
"Rhea is very knowledgeable, responsive, and a pleasure to work with. She provided excellent guidance throughout the MSA and BAA process, and I highly recommend her services."
July 7, 2026
Matthew B.
I am a Massachusetts attorney with an MBA and approximately six years of experience advising closely held businesses, business owners, and individuals on contracts, corporate transactions, commercial real estate, and day-to-day business legal issues. My practice focuses on helping clients draft, review, negotiate, and understand agreements that support their business goals while identifying practical legal and financial risks before problems arise. I assist clients with matters including business purchase and sale agreements, commercial leases, independent contractor agreements, confidentiality agreements, operating agreements, entity formation documents, corporate governance materials, and outside general counsel support. I also bring many years of litigation experience involving contract, business, real estate, construction, and ownership disputes, which I believe helps me review agreements with an eye toward clarity, enforceability, and avoiding future disputes. My goal is to provide practical, responsive, and business-minded legal guidance to small businesses, entrepreneurs, and individuals who need clear answers and well-drafted documents without unnecessary complexity.
Mary G.
Prenuptial Agreements I represent clients in the preparation and review of prenuptial agreements. My experience includes drafting comprehensive prenuptial agreements on behalf of the initiating fiancé, ensuring that the agreement accurately reflects the client's financial interests, assets, liabilities, and objectives while complying with applicable legal requirements. I also represent the non-drafting fiancé by conducting a thorough review of proposed prenuptial agreements, identifying legal and financial issues, explaining the rights and obligations created by the agreement, recommending revisions where appropriate, and negotiating modifications to help protect my client's interests before execution. Probate Administration Represented a client in the complete administration of a California probate estate valued at approximately $1 million. Successfully handled the matter from the initial petition through final distribution, preparing all required court filings, advising the executor throughout the administration, resolving probate requirements, and obtaining court approval to close the estate. Achieved the successful distribution of the estate assets to the executor and sole beneficiary in accordance with California probate law.
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"Adam was great to work with and generous with his time. He was very quick to respond via email and phone. He did a dual representation between buyer and seller for a stock purchase agreement which seemed like could be tricky to navigate but Adam knew exactly what to say and how to word things so both parties were extremely satisfied. I highly recommend working with him if looking for an attorney."
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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