Installment Contract In Law Definition In Miami-Dade

State:
Multi-State
County:
Miami-Dade
Control #:
US-002WG
Format:
Word; 
Rich Text
Instant download

Description

An installment contract in law definition in Miami-Dade refers to a legal agreement where a buyer agrees to pay for goods or services in multiple payments over a specified time period. Key features of the Retail Installment Agreement include defining the purchase price, interest rates, payment terms, and the seller's right to secure a purchase money security interest in the collateral. Users need to fill in specific information such as purchase price, interest rate, payment schedule, and late fee details. Editing instructions emphasize the importance of written modifications signed by both parties. This contract serves various use cases, particularly for individuals or businesses engaging in sales transactions that require financing options. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to establish clear payment terms and protect their rights in transactions while ensuring compliance with local laws.
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FAQ

Section 2-8.4(a) of Code of Miami-Dade County provides that before the Board or any committee hears any protests of a competitive bid or request for proposal, or request for qualifications, administrative staff shall request the County Attorney to determine whether the bid or proposal in question is responsive.

All contracts, business transactions and renewals thereof with the County to which this subsection applies, shall require the individual or entity seeking to transact business with the County to verify by affidavit that the individual or entity is current in its obligations to the County and is not otherwise in default ...

Generally, all construction contracts in Florida must contain are required to disclose the contractor or subcontractor's registration number issued by the Florida DPBR; if required. Furthermore, all construction contracts should also include a construction defect notice and opportunity to cure provisions.

Fair subcontracting practices. Policy. It is the policy of this County to promote diversity in the use of Subcontractors on Miami-Dade County projects and to allow opportunities for subcontracting to as many qualified Subcontractors as possible.

Service contractor to cooperate. The service contractor shall permit County employees, agents, or representatives to observe work being performed at, in, or on the project or matter for which the service contractor has a contract.

The creation of a valid contract in Florida generally requires: (a) an offer; (b) the acceptance of the offer; (3) consideration i.e., a bargained-for exchange; (4) reasonably certain terms of the agreement; and (5) capacity of each party to enter into a contract.

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Installment Contract In Law Definition In Miami-Dade