Build your Payment Plan Agreement
Seller & buyer
Who is selling and who is buying.
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PAYMENT PLAN AGREEMENT
THIS AGREEMENT is made on [date] at [place]
BETWEEN [seller name], ID No. [seller ID], telephone [seller phone] (the "Seller")
AND [buyer name], ID No. [buyer ID], telephone [buyer phone] (the "Buyer").
1. The goods
The Seller sells and the Buyer buys the following: [description]
2. Price and payment
The total price is [price].
Payment shall be made by [payment method].
3. Condition and warranty
Condition: [condition]
No warranty is given beyond what is stated in this agreement.
4. Ownership, delivery and risk
The Seller confirms that the goods are the Seller's own property and are free from any charge or claim by another person.
Delivery or collection shall take place on [delivery date] at [delivery place].
Ownership and risk pass to the Buyer on delivery and payment in full, whichever is later.
Entire agreement
This document contains the entire agreement between the parties on this matter and replaces any earlier spoken or written understanding.
Signed at [place] on [date].
Seller
[seller name]
ID No. [seller ID]
Signature: ______________________
Date: ______________________
Buyer
[buyer name]
ID No. [buyer ID]
Signature: ______________________
Date: ______________________
Generated with Daily Contracts Kenya — practical document templates for everyday transactions. This is a general-purpose template for use in Kenya and is not a substitute for legal advice.