The Retail Installment Agreement is a legal document used to outline the terms of a retail transaction in Fulton. This form specifies the purchase price, interest rates, and payment terms, requiring monthly installments until the total debt is settled. Key features include clauses regarding late fees for delayed payments, the seller's purchase money security interest in specified collateral, and provisions for events of default, allowing sellers to reclaim collateral in case of non-payment. Users must ensure they fill out all requisite sections like the purchase price, installment amounts, and specific dates accurately. The form does not provide express warranties and includes a disclaimer concerning the seller's liability regarding the goods sold. Modifications to the agreement must be documented in writing, and it will be governed by the state laws specified by the parties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in retail transactions, as it provides a clear framework for both buyers and sellers to understand their rights and obligations.