Customer premises equipment meaning

This Practice Note explores the range of cancellation and withdrawal entitlements that apply to credit agreements and consumer hire arrangements governed by the Consumer Credit Act 1974 (CCA 1974). It proceeds on the basis that such agreements are not secured on land and are not used to fund the purchase of land. This Practice Note should be read alongside Practice Note: Right of withdrawal from a credit agreement. Three categories of agreements This Practice Note addresses three principal types of agreement: a regulated credit agreement where the credit advanced is £60,260 or less (a threshold introduced through the UK’s implementation of the Consumer Credit Directive (Directive 2008/48/EC) (CCD) in 2011) a regulated credit agreement where the credit exceeds £60,260, and a regulated consumer hire agreement The various cancellation or withdrawal rights For these categories, an agreement may attract a withdrawal or cancellation entitlement under the following statutory or regulatory frameworks: a withdrawal right under CCA 1974,...

This Agreement is entered into on [ date ]. Parties [ insert name of supplier ], a company incorporated in [ England and Wales ] under number [ insert registered number ], whose registered office is at [ insert address ] (Supplier); and [ insert name of customer ], a company incorporated in [ England and Wales ] under number [ insert registered number ], whose registered office is at [ insert address ] (Customer). Each of the Supplier and the Customer is a party and, together, the Supplier and the Customer are the parties. Background (A) The Customer intends to obtain software, [ hardware ], software configuration and development services, installation services, and other associated services. The Supplier has stated to the Customer that it has expertise in delivering such services to clients within the [ insert relevant industry, eg retail ] sector. (B) The Customer has agreed to purchase the Services from the Supplier, and the Supplier...