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The Chartered Institute of Procurement & Supply makes a distinction between a "framework contract" and a "framework agreement". Under a framework contract, some form of consideration is paid "up front" to secure the commitment of the supplier to the agreed terms and conditions. The value of the consideration may be for a nominal amount only.
Elements of a lease purchase contract typically include: Property value - The agreed sale price of the property. Duration - The time frame of the agreement. Monthly payment - How much the lessor will be paying monthly. Rent credit - How much of the lessor's monthly payment will go to the eventual purchase price at the end of the lease.
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Indian History in Central Michigan: DeWitt Township: February 12, 1959: Maple Rapids Methodist Episcopal Church: 330 South Maple Avenue Maple Rapids: June 18, 1998: Matthews Site: 7000-7502 N Lowell Rd (end of Lowell Road, 2 miles east of Maple Rapids) Essex Township: September 17, 1974: Michigan's Capital Commemorative Designation
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