Vehicle Sale Agreement

Description

Overview:

This Vehicle Sale Agreement is designed for the sale of second-hand vehicles in Kenya. It ensures a clear and legally binding transaction between the Seller and the Buyer. The agreement covers all essential terms and conditions to protect both parties and ensure a smooth transfer of ownership. This document is downloadable as a PDF, docx or odt and can be easily filled out with the required information.

Key Features:

• Sale Price: Clearly state the total sale price of the vehicle in Kenyan Shillings (Ksh).
• Payment Options: Specify the mode of payment – cash, bank transfer, or cheque.
• Condition of the Vehicle: Acknowledge that the vehicle is sold “as-is” and “where-is” without any warranties.
• Transfer of Ownership: Detail the process and requirements for transferring ownership upon full payment.
• Delivery: Outline the terms for the delivery of the vehicle once payment is received and ownership is transferred.
• Liability: Clarify that the Buyer assumes all liability and responsibility upon signing the agreement and completing the sale.
• Indemnity: Protect the Seller from any future claims, liabilities, damages, or expenses arising from the use of the vehicle after the sale.
• Governing Law: State that the agreement is governed by Kenyan law.
• Entire Agreement: Ensure that this document constitutes the complete agreement between the parties, superseding any prior agreements or representations.

How to Use:

1. Download the PDF, DOCX or ODT version of the Vehicle Sale Agreement.
2. Fill in the required details for both the Buyer and the Seller.
3. Specify the vehicle details including make, model, year, chassis number, engine number, registration number, color, and mileage.
4. Complete the terms of the sale, including the sale price and payment method.
5. Both parties should read and understand the agreement thoroughly.
6. Sign the agreement along with two witnesses.

Sample Terms Included in the Agreement:

• Sale Price: The total sale price of the vehicle is Ksh [Sale Price]. The Buyer agrees to pay the full amount to the Seller on the date of this Agreement.
• Payment: Payment shall be made in cash/bank transfer/cheque (specify) to the Seller.
• Condition of the Vehicle: The Buyer acknowledges that the vehicle is sold “as-is” and “where-is” without any warranties or guarantees either expressed or implied regarding the condition of the vehicle.
• Transfer of Ownership: The Seller agrees to provide all necessary documents and signatures required for the transfer of ownership to the Buyer upon full payment.
• Delivery: The Seller shall deliver the vehicle to the Buyer upon receipt of full payment and successful transfer of ownership.
• Liability: The Buyer assumes all liability and responsibility for the vehicle upon signing this Agreement and completion of the sale. The Seller is not responsible for any damages or issues arising after the sale is completed.
• Indemnity: The Buyer agrees to indemnify and hold harmless the Seller from any claims, liabilities, damages, or expenses arising out of the use of the vehicle after the sale.
• Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Kenya.
• Entire Agreement: This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements, representations, or warranties, whether written or oral.

Download and Fill: Vehicle Sale Agreement

Instructions:

1. Click the format links to access the documents PDF.
2. Open the PDF, docx or odt file on your device.
3. Fill in the blanks with the appropriate information.
4. Print the completed agreement.
5. Sign and date the agreement, and ensure all parties and witnesses sign as well.