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 in a private sale, 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 sold/bought is an RV, model No.
____________. (Hereinafter referred to as the “property”).
2. Purchase Price.
The agreed purchase price is $_____________.
The down payment of $ _________ will first be paid on or before signing this
agreement. The remaining amount shall be paid at $ ________ per week for ___
weeks.
3. Handover.
Upon confirmation of the final installment payment, the seller shall release the title to
the purchaser and transfer all the ownership rights.
4. Warranties.
The seller warrants that; –
i. They have the full authority to enter into and execute this Agreement.
ii. To the best of their knowledge, there are no ongoing or anticipated claims
against the company.
The Purchaser warrants that; –
i. They have the full authority and capacity to execute and agree to the terms of
this Agreement.
ii. They have the funds available to complete the purchase entailed under this
Agreement.
5. Inspection.
The purchaser herein agrees and acknowledges buying the property "as is" and that
they have had five days inspection and return option and are satisfied with 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 mutually agree to negotiate and resolve the dispute. If the
same fails, it shall be referred to a mediator.
7. Termination.
Parties may terminate this Agreement if: –
i. The cheque issued by the purchaser fails to be cleared by the Bank
ii. If the seller fails to hand over the title after complete payment.
iii. After thirty days from signing this Agreement, the parties have not met any
terms.
The seller reserves the right to repossess the property after two weeks of missed
payments.
8. Severability.
Suppose a provision of this Agreement is found by a court of competent jurisdiction
to be invalid and unenforceable. In that case, 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 fulfilling this Agreement’s terms.
10. Governing Law.
The terms of this Agreement will be governed by the Laws of _________.
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 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.
SELLER; –
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
PURCHASER; –
Signature:
__________________________
Date:
_______________________________
Email Address:
_____________________
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