Vehicle Sales Agreement
This Vehicle Sales Agreement ("Agreement") is made effective as of [Date], by and between [Your Name], with a principal place of business at [Your Company Address] ("Seller"), and [Buyer's Name], residing at [Buyer's Address] ("Buyer").
1. Description of the Vehicle
Make: Toyota
Model: Camry
Year: 2050
Vehicle Identification Number (VIN): 1HGCM82633A004352
2. Purchase Price and Payment Terms
2.1 Total Purchase Price
The total purchase price of the vehicle shall be $20,000.00 (Twenty Thousand US Dollars).
2.2 Deposit
A deposit of $2,000.00 (Two Thousand US Dollars) shall be paid by Buyer upon execution of this Agreement.
2.3 Payment Method
Buyer shall make payment of the purchase price via bank transfer.
2.4 Payment Schedule
Any further payments shall be made under the payment schedule agreed upon by the parties.
3. Delivery of the Vehicle
3.1 Date and Location of Delivery:
The vehicle shall be delivered to Buyer on [Date] at [Location].
3.2 Condition of the Vehicle Upon Delivery:
The vehicle shall be delivered to the Buyer in good working order.
3.3 Buyer's Right to Inspect the Vehicle Upon Delivery
Buyer shall have the right to inspect the vehicle upon delivery and shall notify Seller immediately of any defects or discrepancies.
4. Warranties and Representations
4.1 Seller's Warranties:
Seller represents and warrants that:
The seller has a good and marketable title to the vehicle, free and clear of any liens or encumbrances.
The vehicle is in the condition as described herein and has not been subject to any accidents or major repairs.
4.2 Buyer's Acknowledgement
Buyer acknowledges that Buyer has inspected the vehicle and is satisfied with its condition.
4.3 Additional Warranties or Representations
There are no additional warranties or representations made by either party unless expressly stated herein.
5. Title Transfer and Registration
5.1 Transfer of Title
Seller shall transfer title of the vehicle to Buyer upon receipt of full payment.
5.2 Responsibilities for Registration and Related Fees
The buyer shall be responsible for registering the vehicle and paying any related fees.
5.3 Applicable Taxes or Duties
Buyer shall be responsible for any applicable taxes or duties associated with the purchase of the vehicle.
6. Risk of Loss
6.1 Allocation of Risk
The risk of loss or damage to the vehicle shall pass from Seller to Buyer upon delivery.
6.2 Insurance Requirements
Buyer shall obtain and maintain adequate insurance coverage for the vehicle from the date of delivery.
7. Default and Remedies
7.1 Events Constituting Default
Either party shall be considered in default under this Agreement if they fail to perform any obligation herein.
7.2 Remedies
In the event of default, the non-defaulting party shall have the right to pursue any remedies available at law or in equity.
8. Governing Law and Jurisdiction
8.1 Choice of Law
This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
8.2 Jurisdiction
Any disputes arising out of or in connection with this Agreement shall be resolved exclusively by the courts of [State/Country].
9. Miscellaneous Provisions
9.1 Entire Agreement Clause
This Agreement constitutes the entire agreement between the parties pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings of the parties.
9.2 Amendments and Modifications
Any amendments or modifications to this Agreement must be made in writing and signed by both parties.
9.3 Severability
If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
9.4 Notices
Any notices required or permitted under this Agreement shall be in writing and delivered to the addresses specified herein.
9.5 Waivers
The failure of either party to enforce any provision of this Agreement shall not constitute a waiver of such provision or any other provision herein.
10. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Your Name]
[DATE SIGNED]
[Buyer's Name]
[DATE SIGNED]
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