Hire Purchase Agreement Clauses

A guarantee under a tempe contract is considered in the same way as if the goods were purchased directly. The manufacturer supports the warranty. In the event of an error on the goods, the consumer may choose to have the goods repaired under the warranty or to ask the owner for a full refund or exchange. Lease purchase agreements usually last between 2 and 5 years, the most common in the last 3 years. Under a tempe sales contract, the consumer does not own the goods until after the last instalment, although he can use the goods in full for the entire refund period. 21. If the lessee is declared insolvent or if he admits that these machines and installations are placed in execution of a decree or a judicial order or for the recovery of the contributions of the government, or if a receiver is appointed by the court or a creditor, this agreement on the occurrence of such an event is terminated. 22. The tenant also has the right to terminate this contract at any time by announcing it to the company no less than fourteen days in advance for this purpose, but in this case, the tenant is obliged to pay the company the sums paid for the rental costs, have not been paid and the amount of the rental costs, the agreed amount must be paid for the period between the date of termination and the agreed amount. .

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