Scrap Vehicle Sale Agreement

Documents necessary for the transfer of ownership in the event of a sale 3.8 The purchaser guarantees that he buys a used vehicle ”as seen” and that he assumes responsibility for the vehicle in the state in which it will be received at the signing of this Agreement, except for any intentionally concealed error. 4- That the buyer in question be transferred on his behalf as soon as possible and bear all the costs associated with being a valid contract, the seller and the buyer must correctly sign the agreement with the witnesses and execute it on a valid stamp document, as applicable in the state of execution of that agreement. 1.1 ”vehicle” and ”vehicle” is defined as the vehicle that must be sold in accordance with Clause 9. The vehicle sales contract helps avoid litigation over the sale of the vehicle in the future. Important details about the vehicle can be included in this agreement. After receiving the full payment, the seller agrees to transfer to the buyer the buyer`s property on the following vehicle: PandaTip: This clause specifies that, even if there is a written error in the agreement, the contract is binding on both parties if they actually conclude the sale. PandaTip: It is not normal to include a warranty in a private sale, but if the seller wishes, you can change this clause if necessary. One suggestion might be: ”The vehicle is sold with a guarantee of its ability to drive and continue to operate safely for a period of XXX months and any failures that occur during this period will be corrected at the seller`s expense, except for defects caused by the buyer.” 1- That I sold my vehicle, that is to say – with its registration number. The parties may include the No_____and compromise clause in this agreement.

As part of the arbitration process, any dispute, if any arises between the parties, is referred to a third party (”arbitrator”) who is designated with each other by both parties. The arbitrator will hear from both parties and decide on the merits of the case. The arbitrator`s decision is final and binding on both parties. 2- That I have received the full and final review of the sale of the above vehicle by the above buyer. 3- That I have today, that is, the _____at – the physical possession/delivery of this vehicle to the buyer quoted. 6- That I have no objection to the vehicle being transferred in the name of the purchaser in question. 2.11 The seller is not responsible for subsequent fault, normal wear or defects, unless these defects have been deliberately concealed or if a guarantee is offered by the buyer to the Seller. Vehicle sales agreements in India are enforceable under the Indian Contracts Act of 1872. 7.3 Both parties agree that in the event of a dispute, after the signing of the agreement before the International Chamber of Commerce, they will hold an arbitration procedure before an arbitrator, the judgment of which ultimately settles the dispute and is final. It was agreed that the contract would replace all prior discussions or proposals between the two parties.

PandaTip: Both parties may wish to keep original signed copies of the agreement for future references. The information provided by the buyer and seller is included in this agreement. All important details about the vehicle can be indicated to avoid conflicts in the future.

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