Lay-by Instalment Terms and Agreement

What is Lay-by?

A Lay-by is when a customer does not pay the full price for an item upfront. Depending on the Lay-by agreement in place at your Art Centre, the customer signs an agreement to pay a deposit and then pay the remainder of the amount owed over an agreed upon period. The customer does not own the artwork until the final payment has been made. 

The templates below are intended to be customised by your business. 
They serve as a guide only and should be updated and used at your discretion.