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This Layaway Agreement template is designed for use in Indonesian retail transactions where customers wish to purchase merchandise through structured installment payments while the retailer maintains possession until full payment is received. The document is essential for businesses operating in Indonesia that offer layaway programs, ensuring compliance with the Indonesian Civil Code (KUH Perdata) and Consumer Protection Law No. 8 of 1999. It includes comprehensive terms covering payment schedules, merchandise description, storage conditions, default provisions, and cancellation policies. The agreement protects both merchant and customer interests by clearly defining rights, obligations, and procedures throughout the layaway period, including specific provisions for refunds and dispute resolution as required by Indonesian law. This template is particularly valuable for retail businesses seeking to offer flexible payment options while maintaining legal compliance and operational clarity.

1. Parties: Identification of the merchant and the customer, including complete legal names, addresses, and any relevant registration numbers

2. Background: Brief context explaining the nature of the layaway arrangement and the parties' intention to enter into this agreement

3. Definitions: Definitions of key terms used throughout the agreement, including 'Merchandise', 'Deposit', 'Payment Schedule', and 'Final Payment'

4. Merchandise Description: Detailed description of the item(s) being purchased, including any identifying features, model numbers, or serial numbers

5. Purchase Price and Payment Terms: Total purchase price, deposit amount, and detailed payment schedule including frequency and amount of payments

6. Storage and Maintenance: Terms regarding how the merchandise will be stored and maintained during the layaway period

7. Title and Risk: Clarification that title remains with the merchant until final payment, and provisions regarding risk during storage

8. Default and Termination: Consequences of missed payments and conditions for termination of the agreement

9. Refund Policy: Terms and conditions for refunds, including any administrative fees or deductions

10. General Provisions: Standard contractual provisions including governing law, notices, and entire agreement clause