Free Selling Contract

This Vehicle Sales Contract ("Contract") is made and entered into on [DATE], between [YOUR NAME], located at [YOUR COMPANY ADDRESS] ("Seller"), and [BUYER'S NAME], located at [BUYER'S ADDRESS] ("Buyer").

I. Vehicle Details

The Seller agrees to sell and the Buyer agrees to purchase the following vehicle:

II. Purchase Price

The total purchase price for the vehicle, as agreed upon between the Seller and the Buyer, is set at [PURCHASE PRICE] ([PURCHASE PRICE IN WORDS]), payable in [CURRENCY]. This amount, constituting the full consideration for the transfer of ownership of the vehicle, shall hereinafter be referred to as the 'Purchase Price.' The Parties affirm that this Purchase Price reflects the fair market value of the vehicle, taking into account its condition, specifications, and any additional accessories or features included in the sale agreement. The Seller and the Buyer both acknowledge and agree to the accuracy and completeness of the Purchase Price as stated herein.

III. Payment

The Buyer agrees to remit the full Purchase Price to the Seller upon execution of this Contract, unless an alternative payment arrangement has been mutually agreed upon in writing. The Purchase Price shall be paid in [CURRENCY] through [Specified Payment Method, e.g., wire transfer, cashier's check].

In the event of late payment, the Buyer shall be subject to [specified penalty, e.g., late fees, interest charges] as agreed upon by both parties. Should any disputes arise regarding payment, both parties agree to attempt to resolve them through negotiation and mediation before pursuing further legal action.

All payment-related documentation, including receipts and invoices, shall be promptly provided by the Seller upon receipt of payment.

This payment clause is in compliance with the laws and regulations governing contracts and sales transactions in [JURISDICTION].

IV. Title Transfer and Delivery

1. Title Transfer: Upon receipt of the full Purchase Price as specified in Section II (Purchase Price), the Seller agrees to promptly transfer title and deliver possession of the vehicle to the Buyer.

2. Documents Required: The Seller shall provide all necessary documents for title transfer to the Buyer, including but not limited to:

   a. Vehicle Title: The original vehicle title or certificate of title, properly endorsed by the Seller to the Buyer.

   b. Bill of Sale: A bill of sale documenting the sale transaction between the Seller and the Buyer, including details such as the purchase price, vehicle identification number (VIN), make, model, and year of the vehicle, as well as the names and signatures of both parties.

   c. Other Required Documentation: Any additional documentation required by law or regulation for the transfer of vehicle ownership, such as emission certificates, odometer disclosures, or lien release documents.

3. Delivery Location: Delivery of the vehicle shall occur at the location specified below, unless otherwise agreed upon in writing by both parties:

   Delivery Location: [Specify the exact location for vehicle delivery, e.g., Seller's premises, Buyer's residence, etc.]

4. Condition of Vehicle: The Seller warrants that at the time of delivery, the vehicle shall be in the same condition as described in Section III (Vehicle Description and Condition), subject to reasonable wear and tear.

5. Delivery Date: The Seller and Buyer shall agree upon a mutually acceptable date and time for the delivery of the vehicle. If no specific date is agreed upon, the Seller shall deliver the vehicle within [Number] days from the date of receipt of the full Purchase Price.

6. Inspection and Acceptance: Upon delivery of the vehicle, the Buyer shall have the opportunity to inspect the vehicle to ensure that it conforms to the description provided in Section III (Vehicle Description and Condition). The Buyer shall have [Number] days from the date of delivery to notify the Seller of any defects or discrepancies discovered during the inspection.

7. Risk of Loss: Risk of loss or damage to the vehicle shall pass from the Seller to the Buyer upon delivery of the vehicle to the Buyer or the Buyer's designated representative at the agreed-upon location.

V. Condition of Vehicle

1. Buyer's Acknowledgment: The Buyer acknowledges that they have thoroughly inspected the vehicle and accept it "as-is." By entering into this agreement, the Buyer understands and agrees that they are purchasing the vehicle in its current condition, with all faults and imperfections, without any warranties, express or implied, except as otherwise provided in this agreement.

2. Seller's Disclaimer: The Seller makes no warranties, express or implied, regarding the condition, merchantability, or fitness for a particular purpose of the vehicle. The Buyer acknowledges that the vehicle is being sold "as-is," and the Seller expressly disclaims any warranties of any kind, whether statutory, express, or implied, including but not limited to warranties of merchantability or fitness for a particular purpose.

3. Descriptions and Representations: The Buyer acknowledges that any descriptions or representations of the vehicle provided by the Seller, whether in writing or orally, are for informational purposes only and do not constitute a warranty. The Buyer agrees that they have not relied on any such descriptions or representations in deciding to purchase the vehicle and have conducted their own independent inspection and due diligence.

4. Exclusion of Implied Warranties: To the fullest extent permitted by law, all implied warranties, including but not limited to implied warranties of merchantability and fitness for a particular purpose, are hereby excluded and disclaimed by the Seller.

5. Limitation of Liability: In no event shall the Seller be liable to the Buyer or any third party for any direct, indirect, incidental, consequential, special, or exemplary damages arising out of or in connection with the sale or use of the vehicle, whether based on contract, tort, strict liability, or any other legal theory, even if advised of the possibility of such damages.

VI. Indemnification

1. Obligation to Indemnify

The Buyer agrees to indemnify, defend, and hold harmless the Seller, its officers, directors, employees, agents, successors, and assigns (collectively, the "Indemnified Parties") from and against any and all claims, damages, liabilities, costs, and expenses (including reasonable attorneys' fees and costs) arising out of or related to:

• Any use or ownership of the vehicle by the Buyer or any third party to whom the Buyer transfers ownership or possession of the vehicle.

• Any act, omission, or negligence of the Buyer or any third party in connection with the vehicle, including but not limited to accidents, collisions, or violations of traffic laws.

• Any breach of this agreement by the Buyer.

2. Scope of Indemnification

This indemnification includes, but is not limited to, claims for:

• Personal injury or death arising out of the Buyer's use of the vehicle, including injuries sustained by the Buyer, passengers, or third parties.

• Property damage caused by the Buyer's use of the vehicle, including damage to the vehicle itself, other vehicles, or third-party property.

• Violation of any laws, regulations, or ordinances by the Buyer in connection with the vehicle, including but not limited to traffic violations, environmental regulations, or consumer protection laws.

3. Defense and Reimbursement

Upon the Seller's request, the Buyer agrees to defend the Indemnified Parties against any claims covered by this indemnification and to reimburse the Indemnified Parties for any expenses incurred in connection with the defense of such claims, including attorneys' fees, court costs, and expert witness fees.

4. Notice and Cooperation

The Seller shall promptly notify the Buyer in writing of any claims subject to indemnification under this agreement. The Buyer shall have the right to participate in the defense of any such claim with counsel of its own choosing, at its own expense. The Buyer agrees to cooperate fully with the Seller in the defense of any such claim.

5. Insurance

The Buyer agrees to maintain adequate insurance coverage, including liability insurance, to cover its indemnification obligations under this agreement. The Seller may require the Buyer to provide proof of insurance upon request.

6. Survival

The indemnification obligations under this section shall survive the termination or expiration of this agreement.

VII. Governing Law

This Contract shall be governed by and construed in accordance with the laws of [JURISDICTION].

Dispute Resolution

Any disputes arising out of or related to this Contract shall be resolved exclusively through arbitration in [CITY], [JURISDICTION] in accordance with the rules and procedures of the [ARBITRATION ASSOCIATION].

Arbitration Process

The arbitration shall be conducted by [Number] arbitrator(s) appointed in accordance with the rules of the [ARBITRATION ASSOCIATION]. The decision of the arbitrator(s) shall be final and binding upon both parties.

Exclusions

Notwithstanding the above, either party may seek injunctive relief or other equitable remedies from a court of competent jurisdiction to enforce its rights under this Contract.

VIII. Entire Agreement

1. Comprehensive Understanding

This Contract represents the comprehensive understanding and agreement between the parties concerning the subject matter herein. It encompasses all discussions, negotiations, and agreements made between the parties prior to the execution of this Contract.

2. Integration of Terms

All terms, conditions, and provisions contained within this Contract integrate and supersede any prior written or oral agreements, understandings, or communications between the parties relating to the subject matter hereof.

3. Exclusion of Additional Terms

Any additional terms or conditions not expressly set forth in this Contract shall be deemed excluded and shall have no force or effect unless agreed to in writing by both parties.

4. Clarification of Intent

The parties hereby acknowledge that they have read and understood this Contract in its entirety, and any ambiguity or uncertainty shall not be construed against either party as the drafter of this Contract.

5. Waiver of Reliance

Each party acknowledges that in entering into this Contract, they have not relied on any representations, warranties, or promises not expressly contained herein.

6. Reservation of Rights

Except as expressly provided herein, no modification, amendment, or waiver of any provision of this Contract shall be effective unless made in writing and signed by the parties.

7. Severability

If any provision of this Contract is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be deemed severed from this Contract, and the remaining provisions shall remain in full force and effect.

8. Captions

The captions used in this Contract are for convenience only and shall not be considered in interpreting the provisions hereof.

IX. Amendments

1. Written Amendments

Any amendments or modifications to this Contract must be made in writing and signed by both parties.

2. Waiver Clause

No waiver of any provision of this Contract shall be deemed a waiver of any other provision or of the same provision at another time, unless such waiver is expressly agreed to in writing by the party granting the waiver.

3. Preservation of Rights

The parties acknowledge and agree that the failure to enforce any provision of this Contract shall not constitute a waiver of such provision or affect the right of either party to enforce such provision in the future.

4. Entire Agreement Clause

The provisions of this section regarding amendments and waivers constitute an integral part of this Contract and shall be construed in conjunction with the other provisions herein.

IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the date first above written.

[YOUR NAME]

[YOUR COMPANY NAME]

[DATE]

[BUYER'S NAME]

[BUYER'S COMPANY NAME]

[DATE]

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