Lay-By Agreement

Prepare a Lay-By Agreement for customers to purchase goods on instalment payments with this reusable template form.

• The customer can pay for the goods over time, and take possession when all payments have been made. This method of purchasing is also called layaway.
• The seller has the right to terminate the Agreement if the customer misses a payment, or if a payment cannot be processed due to the customer's fault.
• If the customer cancels, the seller will charge a cancellation fee to cover its reasonable costs, such as storage, depreciation, and administrative costs.
• There is a 1-week grace period granted to the customer to decide whether to proceed with the purchase or cancel the Agreement.
• This Agreement can be used in Australia and New Zealand.

The Lay-By Agreement template is a Rich Text file which is fully editable to meet your needs.