This Layaway Agreement is for use by a business who offers layaway to their valued customers. This agreement sets out the terms of the arrangement including the customer's name and contact information, specific items placed in layaway (including their purchase price, payment date and amount) and when mandatory payments are due. It also sets forth the amount of any non-refundable layaway fee, down payments and that any delinquent payments will result in cancellation of the purchase. This Layaway Agreement is perfect for any type of business, large or small, and can easily be tailored to fit your business's unique needs and situation.

This Layaway Agreement contains:

• Customer Information: All relevant information regarding the customer;
• Layaway Information: Sets forth the specific items which were placed on layaway, purchase price and the amount and date layaway payments must be made;
• Price Reduction: If the price of the layaway item is reduced, sets forth if the terms under which the layaway product will be amended to the lower cost;
• Mandatory/Delinquent Payments: Sets forth when payments must be made and cancellation policy if the payments are not made in a timely fashion;
• Forfeiture/Final Payment Date: Sets forth the due date of the final payment and that the item will be declared as forfeited if payments are not made within a specified number of days;
• Signature: Both customer and seller must sign and date this layaway agreement.

Protect yourself and your property by purchasing this attorney-prepared form.

This attorney-prepared package includes:

1. General Information
2. Instructions and Checklist
3. Layaway Agreement

State Law Compliance: This form complies with the laws of all states