VAN PURCHASE AGREEMENT.

VAN PURCHASE AGREEMENT.

This Van Purchase Agreement (hereinafter referred to as the “Agreement”) is made and entered the ____ day of _____ 2021 (the “Effective Date”), between _______________________, Contact Info: _________________ (hereinafter referred to as the “Seller”), and _____________________, Contact Info:  ___________________________ (hereinafter referred to as the “Buyer”).

NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:

  1. SCOPE.
    1. The Seller is selling to the Buyer the vehicle registered ______________________________.
    1. The Parties acknowledge and agree that of the Effective Date herein the Seller does not have the Title to the vehicle, and that the financial institution shall only send the Title to the Seller with 21 business days after receiving loan payment. The Seller hereby agrees that as soon as they have received the Title they shall sign its ownership over to the Buyer.
    1. In the event that the Seller fails to sign over the vehicle’s Title to the Buyer within 21 working days from the Effective Date herein, they shall refund to the Buyer the $15,000 in cash with ___ Days.
  2. PAYMENT/CONSIDERATION.

The Buyer shall pay Fifteen Thousand Dollars ($15,000) for the vehicle, payment shall be made directly to the Bank; the vehicle financing company for the Seller’s loan. If the Seller owes more than Fifteen Thousand Dollars, the Buyer shall not be responsible for such amounts.

  • LIABILITY.
    • The Buyer is aware that this is “as-is purchase” contract and that the Seller shall not be liable or responsible for any vehicle repairs and maintenance before the or after the vehicle’s ownership has been transferred to the Buyer. The Buyer shall be responsible for all and any necessary repairs and maintenance costs for the vehicle.
    • The seller acknowledges and agrees that they shall be entirely responsible for any amount owed exceeding the $15,000 covered under this Agreement.
  • TERMINATION/CANCELLATION.

Any Party can, at any time, terminate/cancel this Agreement by issuing the other Party with a written ______ day termination/cancellation Notice. The Buyer may terminate this Agreement if the Buyer does not receive the signed vehicle Title within Four weeks. The Seller shall be required to make a full refund.

  • MODIFICATION.

This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof.  No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.

  • DISPUTE RESOLUTION.

In the event of disputes arising about the execution of this Agreement and/or performance of obligations stated herein, the Parties shall solve such issues through a mediation process.

  • GOVERNING LAW/JURISDICTION.

This Agreement shall be governed by and construed in accordance with the laws of the State of Georgia, USA. Exclusive jurisdiction and venue shall be in Georgia, USA.

Each party represents and warrants to the other that such party has acted in good faith, and agrees to continue to so act, in the negotiation, execution, delivery, performance, and any termination of this Agreement.

IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.

SELLER: _____________            ________________________               ___________

                   (SIGNATURE)                  (NAME)                                                (DATE)

BUYER: _____________         ___________________________           ___________

                   (SIGNATURE)                           (NAME)                                    (DATE)

Before me, the undersigned Notary Public         Before me, the undersigned Notary Public

Personally appeared:                                            Personally appeared:

_________________________                          __________________________

And.                                                                      And.

__________________________                          __________________________

__________________________                          __________________________

        Notary Public’s seal                                          Notary Public’s seal

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