Selling Car Contract
Selling Car Contract
This Vehicular Sale and Purchase Agreement (“Agreement”) is made and entered into this day of [DATE], by and between: [SELLER NAME], of [SELLER ADDRESS], hereinafter referred to as the "Seller" AND [BUYER NAME], of [BUYER ADDRESS], hereinafter referred to as the "Buyer"
1. Description and Price of the Vehicle
The Seller agrees to sell and the Buyer agrees to purchase the following motor vehicle (the “Vehicle”):(MAKE, MODEL, YEAR, COLOR, VIN). Where the purchase price for the Vehicle is [PURCHASE PRICE].
2. Condition and Warranties
The Seller warrants that, at the date of this Agreement, the Vehicle is free from any liens or encumbrances and that the Seller is the legal owner of the vehicle. The Seller makes no other warranties about the condition, quality, or suitability of the Vehicle.
3. Payment terms
The Buyer shall pay the Purchase Price to the Seller in the following manner: [PAYMENT TERMS AND CONDITIONS.]
4. Transfer of Ownership and Risk
Upon payment in full of the Purchase Price by the Buyer, the Seller shall transfer the legal title of the Vehicle to the Buyer. Upon the transfer of ownership, all risks associated with the Vehicle will also be transferred to the Buyer.
5. Applicable Law and Dispute Resolution
This Agreement shall be governed by and construed under the laws of [JURISDICTION]. Any disputes arising out of this Agreement will be resolved by [DISPUTE RESOLUTION MECHANISM].
6. Entire Agreement
This Agreement constitutes the entire agreement between the Seller and the Buyer and supersedes any prior agreements, understandings, or arrangements between them relating to the sale and purchase of the Vehicle.
IN WITNESS WHEREOF, the Seller and Buyer have signed this Agreement as of the date first above written.
SELLER'S NAME
[DATE SIGNED]
BUYER'S NAME
[DATE SIGNED]
