Installment Contract

What is Installment Contract?

An agreement in which payments of money, delivery of goods or performance of services are to be made in a series of payments, deliveries or performances, usually on specific dates or upon certain happenings. The failure to pay may bring a claim for the total balance due and may at the same justify the non-breaching party to stop further performance.

Further Reading

For more detailed information, see our related Contracts terms:

• Specific Performance
• Section 2-207 of the Uniform Commercial Code
• Contract Formation
• An agreement in principle
• Severable Contract

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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