Document background
The Installment Sales Contract is essential for transactions where goods are sold with payment spread over time, commonly used in both business-to-business and business-to-consumer contexts under Danish law. This document type is particularly crucial when selling high-value items such as vehicles, machinery, or equipment where immediate full payment is not practical or desired. The contract must comply with the Danish Credit Agreements Act (Kreditaftaleloven) and related regulations, which provide specific requirements for credit sales and consumer protection. It includes detailed provisions on payment schedules, interest calculations, retention of title, and default scenarios, while ensuring transparency in credit terms as required by Danish law. The document is structured to protect both seller's and buyer's interests while maintaining compliance with mandatory Danish legal requirements for installment sales transactions.
