SALES AGREEMENT

SALES AGREEMENT

THIS SALES AGREEMENT (hereafter, ‘‘this agreement’’) effective as of [DATE], is made and
entered into by and between [NAME] of address [ADDRESS] (hereafter ‘‘the Seller’’) and
[NAME AND DATE OF BIRTH] of address [ADDRESS] (hereinafter known as “Buyer”).
Buyer and Seller shall collectively be known herein as “the Parties”.

BACKGROUND

WHEREAS, Seller desires to sell the vehicle described below, known herein as the “Acquired
Vehicle”, under the terms and conditions set forth below;
WHEREAS, Buyer desires to purchase the Acquired Vehicle offered for sale by Seller under the
terms and conditions set forth below; and, therefore,

TERMS AND CONDITIONS

IN CONSIDERATION of the mutual promises and other valuable consideration exchanged by
the Parties as set forth herein, the Parties, intending to be legally bound, hereby agree as follows:

  1. Description of Acquired Vehicle.
  2. Make: __
  3. Model: __
  4. Body Type: __
  5. Body Color: __
  6. Year: __
  7. Miles: __
  8. Vehicle Identification Number (“VIN”): ______________
  9. Payment terms

2.1 Purchase Price. The total purchase price to be paid by Buyer to Seller for the Acquired
Vehicle is __________________ dollars ($_______) (U.S.) (hereinafter
“Purchase Price”). The buyer has already paid a sum of ___.
2.2 Buyer should pay a sum of $ 287.00 by the 22 nd of each month till the completion of
payment. The money payable should be paid via the seller’s account; OR
2.3 Pay the sum payable to Digital Federal Credit Union (DCU) and send a confirmation to
that effect on the 21 st of every month.
2.4 Payment of $ 85 is to be paid by the buyer as penalty for failure to insure the vehicle
properly when he first received the truck. Those payments are owed from August to
November 2020 and must be paid by 3/01/2021.
2.4 A maximum of three late payments is allowed. However, the seller already used up the
maximum as of 9/22/2020. May, August and September were late.
2.5 If the Buyer fails to make another payment, legal action will be taken. However, if the
buyer already has the registration and insurance under his name, the truck will be sold,
and after all debts have been settled he may keep the rest of the money made from the
sale.
2.6 Debts that would need to be paid off (as of 11/19/2020) are: DCU (loan for truck account

6232501-141) at $7,357.72 & Norfolk & Dedham Insurance of $660 (owed since

August). After all debts are paid off for the truck, and sale has been finalized a 30-day
period shall be given to the buyer to get any money left unpaid.
2.7 upon full payment of the agreed sum of money, the buyer shall receive full rights/
ownership of the truck.

  1. Conveyance of Title

Seller shall convey title to Buyer upon delivery of the vehicle to Buyer. Seller agrees and
covenants to execute all documents presented by Buyer which are necessary to finalize
transfer of title and registration upon the Acquired Vehicle to Buyer.

  1. Representations, Warranties, and Disclosures
    4.1 Warranties. This vehicle is sold “AS IS”, and Seller does not in any way, expressly or
    impliedly, give any warranties to Buyer. Seller expressly disclaims any implied
    warranties of merchantability or of fitness for a particular purpose.
  2. Buyer’s Responsibility −− Insurance and Tags.
    5.1 Buyer acknowledges that unless prohibited by applicable law, any insurance coverage,
    license, tags, plates or registration maintained by Seller on the Acquired Vehicle shall be
    canceled upon delivery of the Acquired Vehicle to, and the acceptance of, by Buyer.
    5.2 The buyer is required to change plates and get full coverage insurance under his name by
    12/13/2020.
  3. Risks
    In the event where the buyer gets into any accident before the truck is registered and
    insured in his name, the truck will be sold. The buyer will lose the opportunity to keep
    the truck and will not get any money back from the sale of the truck (due to increase in
    money/loss of my insurance and license).
  4. Continuation of Representations and Warranties.
    All representations and warranties contained in this Agreement (if any) shall continue in
    full force and effect after execution of this agreement. If either party later learns that a
    warranty or representation that it made is untrue, it is under a duty to promptly disclose
    this information to the other party in writing.

No representation or warranty contained herein shall be deemed to have been waived or
impaired by any investigation made by or knowledge of the other party to this
Agreement.

  1. Indemnification of Attorney’s Fees and out-of-pocket costs.
    Should any party materially breach this agreement (including representations and
    warranties made to the other side), the non-breaching party shall be indemnified by the
    breaching party for its reasonable attorney’s fees and out-of-pocket costs which in any
    way relate to, or were precipitated by, the breach of this contract (including the breach of
    representations or warranties). This provision shall not limit in any way the remedies
    either party may have otherwise possessed in law or equity relative to a breach of this
    contract. The term “out-of-pocket costs”, as used in this contract, shall not include lost
    profits.
  2. Integration.
    This Agreement, including the attachments mentioned in the body as incorporated by
    reference, sets forth the entire agreement between the Parties with regard to the subject
    matter hereof. All prior agreements, representations and warranties, express or implied,
    oral or written, with respect to the subject matter hereof, are hereby superseded by this
    agreement. This is an integrated agreement.
  3. Severability. In the event any provision of this Agreement is deemed to be void, invalid,
    or unenforceable, that provision shall be severed from the remainder of this Agreement so
    as not to cause the invalidity or unenforceability of the remainder of this Agreement. All
    remaining provisions of this Agreement shall then continue in full force and effect. If any

provision shall be deemed invalid due to its scope or breadth, such provision shall be
deemed valid to the extent of the scope and breadth permitted by law.

  1. Modification.
    Except as otherwise provided in this document, this agreement may be modified,
    superseded or voided only upon written and signed agreement of the Parties. Further, the
    physical destruction or loss of this document shall not be construed as a modification or
    termination of the agreement contained herein.
  2. Acknowledgements.
    Each party acknowledges that he or she has had an adequate opportunity to read and
    study this Agreement, to consider it, to consult with attorneys if he or she has so desired.
  3. Exclusive Jurisdiction for Suit in Case of Breach.
    The Parties, by entering into this agreement, submit to jurisdiction in [STATE e.g.
    Florida] ______ for adjudication of any disputes and/or claims between
    the parties under this agreement. Furthermore, the parties hereby agree that the courts of
    [STATE] _______ shall have exclusive jurisdiction over any disputes
    between the parties relative to this agreement, whether said disputes sound in contract,
    tort, or other areas of the law.
  4. State Law. This Agreement shall be interpreted under, and governed by, the laws of the
    state of _______.

IN WITNESS WHEREOF and acknowledging acceptance and agreement of the foregoing,
Seller and Buyer affix their signatures hereto.

Buyer’s Signature Date

Seller’s Signature Date

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