Legal Articles Hire purchase agreement March 22, 2012 / March 16, 2016 by Himanshu Setia | 1 Comment on Hire purchase agreement BY : HIMANSHU SETIA Introduction Purchase and sale of goods under Hire-Purchase system is governed by the Hire-Purchase Act, 1972. This Act was passed on 8th June, 1972 and came into force w.e.f. September 1, 1973. Here, the word “hire” denotes, the sum payable periodically by the hirer under a hire-purchase agreement. Under the Hire […] Read more » Contents of Hire-Purchase Agreement Hire purchase Hire purchase agreement Hire-Purchase Price Right of Hirer to Purchase Rights of Hirer to Terminate