Layaway Agreement Form

Layaway (Hulugan) is perfect for customers who want to purchase our watches but may not have enough funds to pay upfront. We offer a 15-day payment plan for new customers and a 30-day term for repeat buyers. For more information, please see the details below.

SAMPLE ONLY!

Customer Information:
Name: Juan Dele Cruz
Address: West Rembo Makati City
Contact Number: 0927*******

Layaway Plan Details: 
 Watch Model: SEIKO 5 DIVERS WATCH
 Price: ₱4,000
 Initial Down Payment: ₱500 (fixed)
 Remaining Balance: ₱ 3,500
 Number of Payments: 15 days- (New Buyer)   30 days (Repeat Buyer) 
 Payment Amount (per installment): ₱1,167
Week 1 Due Date: June 1 
Week 2 Due Date: June 6
 Final Payment Due Date: June 15


Layaway Terms and Conditions:

Down Payment: A minimum down payment of ₱500 of the total price is required to initiate the layaway. This down payment is non-refundable.

  1. Payment Schedule:  Payments must be made by the due dates. If you miss a payment, the layaway will be considered overdue.

  2. Cancellation Policy: If the layaway is canceled or payments are missed beyond the grace period of 15  days, the item may be forfeited, and payments made will be subject to a cancellation fee of ₱ 1,000

  3. Final Payment and Item Release: Once all payments are completed, the watch will be released to the customer. Items must be picked up within 3 days of the final payment.

  4. Refund Policy: Payments made toward the layaway are non-refundable unless the item is defective upon final release.

Disclaimer:
 Please take note that the watch is already reserved by the buyer and will be marked as SOLD. Once the payment is fully completed, the seller will send the item to the buyer.

If you agree to these terms, kindly put your signature on the blank below.


Customer Agreement:
 I, Juan Delacuz, agree to the layaway terms and conditions set by Time Treasure PH. I understand that failure to comply with these terms may result in the forfeiture of my layaway plan and payments made.

Signature: _______________________
Date: ___________________________