SALE AGREEMENT
This Agreement is made on this _________________ Between ___________
(hereinafter referred to as the “seller”) and _____________________ (hereinafter
referred to as the “purchaser”) together referred to as “parties”.
WHEREAS the seller has agreed to sell and the purchaser has agreed to buy the
property described hereinbelow and be bound by the following terms of the sale; –
1. Property.
Parties herein agree that the property being sold/bought is a company known as
XXX LLC, together with the Domain name, Logo, 15 passenger XXX
Mercedes Sprinter, and a XXX. (Hereinafter referred to
as the “Property”).
2. Purchase Price.
The agreed purchase price is $95,000, which is to be paid in one lump sum payment
in the form of a cheque with the following bank details; –
(INSERT BANK DETAILS)
3. Handover on Payment.
Upon confirmation of the payment amount having been received, the seller shall
transfer all the documentation and licenses to the purchaser within five days after
confirmation.
4. Warranties.
The seller warrants that; –
i. She/He has the full authority to enter into and execute this Agreement.
ii. To the best of her/his knowledge, there are no ongoing or anticipated claims
regarding the property.
The Purchaser warrants that; –
i. She/He has the full authority and capacity to execute and agree to the terms
of this Agreement.
ii. She/He has the funds available to complete the purchase entailed under this
Agreement.
5. Disclosure.
Upon reasonable request by the purchaser, the seller agrees to make available
books, records, and documents of accounts and access to the property.
The seller will disclose any query forwarded by the purchaser regarding the property.
6. Dispute Resolution.
In case of any dispute or conflict that arises from the non-performance of the terms
in this Agreement, parties shall refer the dispute to a single Arbitrator according to
the applicable law, whose decision shall be binding and final.
7. Third-Party Contracts.
The terms of this Agreement should not be construed as a transfer of any third-party
contracts with the property if the existing agreements between the property and the
third party do not provide for the assignment of the contract.
The purchaser is responsible for acquiring new clientele or seeking a new contract
with the existing clients whose contract does not provide an assignment.
8. Severability.
Suppose a provision of this Agreement is found by a court of competent jurisdiction
to be invalid and unenforceable. It will be severed from the Agreement, and the other
provisions will continue and not be affected.
9. Expenses.
Each party shall bear its costs in relation to fulfilling the terms of this Agreement.
10. Governing Law.
The terms of this Agreement will be governed by the Laws of the State of Hawaii.
11. Waiver.
A waiver by any of the parties herein of any of their rights in this Agreement does not
infer a further waiver of that right or any other right provided for in this Agreement.
In the performance of the conditions in this Agreement, time is of the essence.
IN WITNESS WHEREOF, the parties have signed this Agreement on the date
indicated hereinbelow.
__________________________________
__.
Signature:
_____________________________
Date: ______________________________
Email Address: _____________________
________________________________
___.
Signature:
_____________________________
Date:
_________________________________
Email Address: _____________________
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