Canadian suppliers, if you sell goods on credit and allow your customers to pay in installments, use this Installment Promissory Note
to secure the balance outstanding from time to time on their account.
- The maker of the Note (customer) agrees to repay the secured amount by a series of installment payments against the principal and interest due under the Note.
- The supplier (holder of the Note) retains title to the goods until the balance is completely paid.
- The holder has the right to assign the Note to a third party.
This Canada Installment Promissory Note for Purchase of Goods
form is provided in MS Word format, and is fully editable to fit your circumstances.