Agreement for Vehicle Between Two Parties
This Agreement for Vehicle Between Two Parties ("Agreement") is entered into on January 5, 2078, by and between [YOUR NAME], residing at Cleveland, OH 44101 ("Seller"), and Ethan Lehner, residing at Cleveland, OH 44101 ("Buyer"). Both parties agree to the following terms and conditions:
1. VEHICLE DESCRIPTION
The Seller agrees to sell and the Buyer agrees to purchase the following vehicle:
2. PURCHASE PRICE AND PAYMENT TERMS
Purchase Price: $55,000 (Fifty-Five Thousand Dollars)
Deposit: $5,000, due upon signing this Agreement.
Balance: $50,000, payable in full at the time of vehicle delivery.
Payments shall be made via Bank Transfer.
3. CONDITION OF THE VEHICLE
The Seller represents that the vehicle is sold in "as-is" condition, with the following warranties:
The Seller is the legal owner of the vehicle and has the full right to sell it.
The vehicle is free of any liens, charges, or encumbrances.
Known Defects: None, as inspected on January 3, 2078.
The Buyer acknowledges having inspected the vehicle and is satisfied with its condition.
4. DELIVERY AND TRANSFER OF OWNERSHIP
The vehicle shall be delivered to the Buyer on January 8, 2078, at Cleveland, OH 44101. Upon receipt of the full purchase price:
The Seller will provide the Buyer with the title and all necessary documents to transfer ownership.
The Buyer will assume all responsibility for the vehicle, including insurance and registration.
5. DEFAULT AND TERMINATION
In case the Buyer fails to pay the balance by January 8, 2078, the Seller reserves the right to terminate this Agreement and retain the deposit as liquidated damages.
6. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Ohio.
7. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the parties regarding the subject matter and supersedes any prior agreements. Any amendments must be made in writing and signed by both parties.
8. SIGNATURES
By signing below, both parties acknowledge they have read, understood, and agreed to the terms of this Agreement.
SELLER:
Name: [YOUR NAME]
Date: January 5, 2078
BUYER:
Name: Ethan Lehner
Date: January 5, 2078
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