Acceptance of Purchase Security Agreement

Acceptance of Purchase Security Agreement. Some people decide to not have written agreements specifying the terms and conditions of their 

purchases because they don't have the skill to write them...

or don't think they warrant the few dollars it takes to purchase something premade......

....or make the ultimate mistake of thinking that they can remember unwritten, specific and detailed information.  

But you don't need to worry about these sorts of things getting in your way mistake, as you can use the following letter "as is", or to capture the terms and conditions of your purchases. 

So, now that you have this sample business form letter is there any reason  why you can't memorialize your purchase agreements in writing?


Dear _____________,

Attached is an accepted copy of your Purchase Security Agreement for the [specify equipment]. There are [number] remaining quarterly payments.

Your first quarterly payment will be due on [date] , and we will mail you an invoice for it approximately one month prior to that date. Please return the remittance portion of the invoice with your check.

Under the Agreement, this contract is non-cancellable during the term of the contract. The balance, however, can be paid off at any time prior to the expiration of the contract.

We would like to take this opportunity to express our appreciation for your business. If you have any questions concerning your contract, or if we can be of service to you in any way, please let us know. 

Related Pages
Notice to Prior Secured Party of Purchase Money Security Interest
Pledge of Personal Property as Collateral Security
Pledge of Shares of Stock as Collateral Security

Other Pages You Might Like
Promissory Note Long Form
Promissory Note in Lieu of Open Account Debt
Promissory Note with Guaranty

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