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What are the types of payment methods in the contract and their respective functions?

According to the relevant provisions of the "Contract Law", the payment method is an important part of the contract and should be determined by the parties to the contract through negotiation. Therefore, the "Commercial Housing Sales Contract" lists several payment methods for the parties to choose when entering into the contract: ?

1. One-time payment This payment method is simple and clear, and the procedures are relatively simple and less affected by external factors. That is, the buyer performs the payment obligation once at the agreed time. The developer delivers the house to the buyer and the contract is completed. This method is suitable for home buyers who have good financial ability and who also want to be used by development companies;?

2. Installment payment This payment method stipulates that the home purchaser negotiates with the real estate developer to pay off the purchase price in several installments; ?

3. The actual sales work mainly includes two types of bank mortgage loans and housing provident fund loans. Bank mortgage loans refer to the home buyer paying the purchase price and applying for a loan from the bank and applying to the bank in installments and batches within the agreed period. The developer provides a guaranteed payment method to repay the principal and interest of the loan; a housing provident fund loan means that the home buyer pays the purchase price and applies for a loan from the Housing Provident Fund Management Center and repays the loan principal and interest in installments and batches within the agreed period; the developer provides a guaranteed payment method;?

4. Special payment methods mainly include the use of debt offset barter transactions, etc.

Expansion:

A contract is the establishment, change, and termination of a civil relationship between the parties or both parties. agreement. A contract established in accordance with the law shall be protected by law. A broad contract refers to an agreement that determines the relationship between rights and obligations in all legal departments. Contract in the narrow sense refers to all civil contracts. There is also a contract in the narrowest sense that only refers to a creditor's rights contract in a civil contract. Article 85 of the General Principles of the People's Republic of China and Civil Law: A contract is an agreement between the parties to establish, change, and terminate a civil relationship. A contract established in accordance with the law shall be protected by law. Article 2 of the "Contract Law of the People's Republic of China": A contract is an agreement to establish, change, and terminate civil rights and obligations between natural persons, legal persons, and other organizations as equal subjects. The provisions of other laws shall apply to agreements related to status relationships such as marriage, adoption, and guardianship. ?[2]?

Contract, also known as contract and agreement, is an agreement between equal parties to establish, change, and terminate civil rights and obligations. As a kind of civil legal act, a contract is the product of the consensus of the parties and an agreement between two or more parties with consistent expressions of intention. Only when the expressions of intention made by the parties are legal can the contract be legally binding. A contract established in accordance with the law takes effect from the date of establishment and has national legal binding force?[1]?.

Reference: Baidu Encyclopedia Contract