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The Bike Hire Purchase Agreement is designed for use in the German market where there is increasing demand for alternative bicycle financing options. This document is typically used when a customer wishes to purchase a bicycle through installment payments while the seller retains ownership until full payment is made. The agreement must comply with German consumer protection laws, particularly the Bürgerliches Gesetzbuch (BGB) and Verbraucherkreditgesetz (VerbrKrG). It includes essential provisions for payment terms, ownership rights, maintenance responsibilities, and statutory consumer protections. The document is particularly relevant in today's market given the growing popularity of e-bikes and premium bicycles that often require financing solutions.

1. Parties: Identification of the seller/finance provider and the buyer/hirer, including full legal names, addresses, and registration details if applicable

2. Background: Brief context 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 'Bicycle', 'Hire Purchase Period', 'Installation Payments', etc.

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

5. Purchase Price and Payment Terms: Total purchase price, deposit amount, number and amount of installments, interest rate, and payment schedule

6. Delivery and Acceptance: Terms regarding the delivery of the bicycle and formal acceptance by the hirer

7. Title and Risk: Provisions regarding ownership retention by the seller until final payment and transfer of risk to the hirer

8. Usage Rights and Restrictions: Terms governing the permitted use of the bicycle during the hire purchase period

9. Maintenance and Repairs: Obligations regarding bicycle maintenance, repairs, and associated costs

10. Insurance Requirements: Mandatory insurance requirements and responsibilities

11. Default and Termination: Consequences of payment default and conditions for agreement termination

12. Right of Withdrawal: Information about the statutory right of withdrawal (Widerrufsrecht) as required by German law

13. Final Provisions: Governing law, jurisdiction, and standard boilerplate clauses