Document background
The Contract Agreement For Payment Installments is essential in Swiss commercial practice where goods, services, or other obligations are to be paid for in multiple scheduled payments rather than as a lump sum. This document type is commonly used in both business-to-business and business-to-consumer contexts, requiring careful attention to Swiss consumer protection laws and the Swiss Code of Obligations. It should be used whenever a seller allows a buyer to pay in installments, or when parties agree to structure an existing debt into regular payments. The agreement typically includes detailed payment schedules, interest calculations, default provisions, and enforcement mechanisms, all aligned with Swiss legal requirements. It's particularly important in sectors where high-value transactions are common and helps manage cash flow while providing legal security for all parties involved.
