Vehicle sale agreement

SALE AGREEMENT

THIS AGREEMENT is made this…….day of……….…2001

Between

NAME OF VENDOR of ZAMBIA (PASSPORT NO. ZH 63754) (hereinafter called “the vendor”) of the one part

AND

NAME OF PURCHASER  of P. O. BOX 6852, Dar e salaam (hereinafter called “the PURCHASER”) which expression includes his heirs, assigns and successors in title of the other part:

WHEREAS the vendor, which expression shall include all his assigns and successors in title, is the owner of the Motor Vehicle (hereinafter called “the VEHICLE”) the particulars whereof are set down hereunder:

Registration No. MMF 310 GP,  Make M. BENZ, Chassis No. WDB22007520A68678, Engine No. 11396030117905.

AND WHEREAS the Vendor is desirous of disposing of the vehicle by way of sale to the Purchaser and the Purchaser is willing to buy the vehicle.

NOW THEREFORE THIS AGREEMENT WITNESSTH:

1. That the Vendor sells the vehicle and the Purchaser buys the  free from any encumbrances whatsoever at a price of US $ 50,000  (Fifty Thousand dollars) (hereinafter referred to as “as the  PURCHASE PRICE” )
2. That the Purchaser has at the date of execution of this agreement paid to the vendor the sum  of  US $ 50,000 only which is the total Purchase price.
3. That the Vendor has provided to the Purchaser the Vehicle transfer forms duly signed in order to enable the purchaser perform his obligation under Clause 4 herein under.
4. The Purchaser undertakes to complete all formalities relating to the transfer of the vehicle into his name.
5. That the vendor shall be liable to ensure the Legality of the vehicle should any problem arise therefrom up to the date when transfer will be effected.

IN WITNESS WHEREOF the parties have signified their acceptance to be bound by the terms and conditions of this agreement by appending their names and signatures in the manner appearing hereunder.

SIGNED and DELIVERED by the said    )

NAME OF VENDOR                     )

 who is identified to me by                           )

…………………………………………       )                      _______

the latter being known to me personally       )                      VENDOR

this ……day of………………2001             )

in my presence.

SIGNATURE……………………………………..

POSTAL ADDRESS…………………………….

QUALIFICATION……………………………….

SIGNED and DELIVERED by the said    )

NAME OF PURCHASER  who                )

 is identified to me by                                               )

…………………………………………       )                      ___________

the latter being known to me personally       )                      PURCHASER

this ……day of………………2001             )

in my presence.

SIGNATURE……………………………………..

POSTAL ADDRESS…………………………….

QUALIFICATION……………………………….

View other posts for your benefit...