VEHICLE SALES AGREEMENT
This Vehicle Sale Agreement is entered into on ________ at ____________
BY AND BETWEEN
_______________,ADHAARNo.: ________________,S/o:
________________Correspondence
Address:______________________________________________________________
IN (hereinafter referred to as ("Seller") which expression shall unless repugnant to the
meaning or context thereof also mean and include his/her successors and permitted assigns)
AND
_______________,ADHAAR No.: ________________,S/o:
________________Correspondence
Address:______________________________________________________________
IN (hereinafter referred to as ("Buyer'") which expression shall unless repugnant to the
Meaning or context thereof also mean and include his/her successors and permitted assigns).
WHEREAS the Seller desires to sell the Vehicle described below, known herein as the
"Vehicle under the terms and conditions set forth below.
AND WHEREAS Buyer desires to purchase the Vehicle offered for sale by the Seller under
the terms and conditions set forth below.
IN CONSIDERATION of the mutual promises and other valuable consideration exchanged
by the parties as set forth herein the parties, intending to be legally bound, hereby agree as
follows:
1. VEHICLE INFORMATION
Vehicle Type: BIKE
Company:
Model
Colour: RED
Registration Number.
Registration Date (Month & Year):
Engine Number.
Chassis Number:
Total Number of Owners:
Tax Validity.
Registration Validity:
2. CONSIDERATION
The total purchase price to be paid by the Buyer to the Seller for the Vehicle including taxes
and other costs is Rupees ______________("Purchase Price')
All the costs are already covered in the purchase price that is being given to the buyer by the
seller.
3. DELIVERY
a. The seller shall deliver the Vehicle to the Buyer on or before ("Delivery Date")
b. The Vehicle will be delivered at the aforementioned Seller's address.
c. The Vehicle is delivered in the same condition as last inspected by the Buyer.
d. It is the duty of the Buyer to take possession of the Vehicle at the aforementioned Seller's
address on the aforementioned date. If the Buyer fails to take possession, then the risk of loss
passes to the Buyer from the Delivery Date.
4. REPRESENTATIONS AND WARRANTIES BY THE SELLER
a. The Seller warrants that all details provided are accurate.
b. Seller hereby states that the Seller is the legal and beneficial owner of the Vehicle and
there are no legal restrictions to sell the Vehicle.
c. Seller is duly authorized to enter and execute this Agreement.
d. The Seller warrants that the Vehicle has complete service history from the authorized
service centre of the Vehicle company and any/all accidents have been made fully known to
the Buyer.
e: The Seller warrants that there is no pending challans, court cases, taxes, against the
Vehicle.
f. The Seller has made the Buyer fully aware of any current faults of the which the Seller is
reasonably aware with the Vehicle and that there are no deliberately hidden faults or facts on
the Vehicle.
g. All the facts are already provided to the buyer by the seller with all the documents.The
seller warrants that there are no hidden facts or faults.
h. The Seller will provide the Buyer with all documentation relating to the ownership and
transfer of the Vehicle upon the payment of consideration as mentioned above.
i. The Seller will extend all support to transfer the Vehicle to the name of the Buyer.
j. The Seller will not be liable for any subsequent faults, normal wear and tear, or defects
unless such defects were deliberately hidden or if a guarantee is offered by the Buyer to the
Seller.
k. The Seller provides no guarantee to the Vehicle except as set out in this Agreement.
5. OBLIGATIONS OF THE BUYER AND THE SELLER -
a. The Buyer agrees to pay the agreed price to the Seller and seller agrees to provide the
vehicle as in exchange of the monetary price.
b. The Buyer warrants that all the details provided are accurate.
c. The seller warrants that all the facts, details, documents provided to the buyer are accurate
and are not fake.
d. The Buyer warrants that he/she is fully aware of the Vehicle history and any current faults
of the Vehicle.
e. The Buyer has inspected the Vehicle and accepts the Vehicle in its current state as seen.
f. The buyer takes full ownership of the vehicle provided by the seller to the buyer.
g. The Buyer Consents that he has taken the delivery of the Vehicle and consents to be in
possession of all material papers and documents pertaining to the Vehicle.
h. Buyer understands that all responsibilities, RTO and other penalties, risks associated after
date and time of executing this agreement will be his/her responsibility.
6. INTERPRETATION
The both parties acknowledge and agree that each party has reviewed and negotiated the
terms and provisions of this Agreement and has had the opportunity to contribute to its
revision. Accordingly, the rule of construction to the effect that ambiguities are resolved
against the drafting party shall not be employed in the interpretation of this Agreement.
Rather, the terms of this Agreement shall be construed fairly as to both parties and not in
favour or against either party
7. ENTIRE AGREEMENT
Both the parties represent and agree that they have read this Agreement, understand its terms
and the fact that it releases all claims each might have entered into this Agreement without
duress or coercion from any source. This Agreement supersedes all other Agreements entered
into between the parties.
IN WITNESS WHEREOF, the parties hereto have executed this agreement on_______
SELLER BUYER
Date: Date:
Sign: Sign:
