This Buyback Agreement is an agreement between the buyer and seller of certain goods, and the bank financing the purchase of those goods.
In this agreement the seller agrees to buy back the goods from the bank at the end of the term of financing. A written Buyback Agreement will prove invaluable in the event of disagreements or litigation.
Among others, this Buyback Agreement contains the following provisions:
Parties/Effective Date: This provision sets out the names of the parties and the effective date of the agreement;
Buyback Provisions: These provisions set out the specific buy-back arrangements;
Schedule of Goods: This provision specifically sets out the goods which are the subject of this agreement.
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