AGREEMENT FOR SALE OF VEHICLES

AGREEMENT FOR SALE OF VEHICLES

THIS AGREEMENT made at, the__________ day of __________month,________ year

 BETWEEN:

 Sri. _________________, s/w/d of____________, r/o_____________________________ hereinafter called ?the Vehicle Owner and Seller? of Vehicle ________________(which expression shall, unless it be repugnant to the context or meaning thereof, include their respective heirs, executors, administrators and assigns) of the ONE PART

 AND

__________________ s/d/w  fo________________, r/o_____________________________ hereinafter called ?the Buyer? (which expression shall, unless it be repugnant to the context or meaning thereof include his/her heirs, executors and/or administrators and assigns) of the OTHER PART

WHEREAS :

The Seller has the absolute ownership with all rights of ownership and possession without any liability of Motor Vehicle (Make, Registration Number)_________________ and Chassis Number ____________ and Engine Number ___________

 Effective from the __________ 2013, for value consideration as per mutual consent of Rs. _________in form of payment _________ (cash/cheque/dd), seller has agreed to sell, convey and transfers the vehicle described in to the buyer by handing over Original RC, Insurance, Valid PUC Certificate, All Original Keys, Bank Documents and any other documents pertaining to the transfer of the car with signed RTO Forms. The seller understands that he transfers the sole right of ownership of the motor vehicle referred in to the buyer to be used at sole discretion of buyer at his or her own will.

 The buyer takes the full ownership of the Motor Vehicle (Make, Registration Number)- _________________ and Chassis Number ____________ and Engine Number ___________ and consents to complete all transfer formalities to transfer vehicle in RTO, Insurance in his/her name on the earliest basis.

The Buyer Consents that he has taken the delivery of the car and consents to be in possession of all material papers and documents pertaining to the Vehicle. Buyer Understands that all responsibility, challan, risks associated after date and time of executing this agreement will be his/her responsibility

Seller warrants that:- all disclosures to buyer and other matters in connection with such transaction, are in all respects as required by, and in accordance with, all applicable laws and regulations prevailing at time of signing this sale agreement with no material facts hidden in.

 IN WITNESS WHEREOF the Seller and the Buyer respectively have hereunto set their respective hand the day and year first hereinabove written.

SIGNED AND DELIVERED by the                                                                                                  Witness

 Seller :                                                                                                                                          1)

Buyer :                                                                                                                                          2)

Dated: __________________________

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