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    Vehicle Sales Agreement

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    eeshaan singh
    The document is a vehicle sales agreement between Col Mahendra Kumar Singh (Seller) and Shashi Bhushan Prasad (Buyer). It details the terms of the sale, including a description of the vehicle (Tata Harrier), purchase price of Rs. 14,50,000 with payments made, delivery date of January 26th, representations and responsibilities of both parties, and signatures to finalize the agreement.

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    © All Rights Reserved
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    Vehicle Sales Agreement

    Uploaded by

    eeshaan singh
    1K views4 pages
    The document is a vehicle sales agreement between Col Mahendra Kumar Singh (Seller) and Shashi Bhushan Prasad (Buyer). It details the terms of the sale, including a description of the vehicle (Tata Harrier), purchase price of Rs. 14,50,000 with payments made, delivery date of January 26th, representations and responsibilities of both parties, and signatures to finalize the agreement.

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    The document is a vehicle sales agreement between Col Mahendra Kumar Singh (Seller) and Shashi Bhushan Prasad (Buyer). It details the terms of the sale, including a description of the vehicle (Tata Harrier), purchase price of Rs. 14,50,000 with payments made, delivery date of January 26th, representations and responsibilities of both parties, and signatures to finalize the agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views4 pages

    Vehicle Sales Agreement

    Uploaded by

    eeshaan singh
    The document is a vehicle sales agreement between Col Mahendra Kumar Singh (Seller) and Shashi Bhushan Prasad (Buyer). It details the terms of the sale, including a description of the vehicle (Tata Harrier), purchase price of Rs. 14,50,000 with payments made, delivery date of January 26th, representations and responsibilities of both parties, and signatures to finalize the agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    VEHICLE SALES AGREEMENT

    This vehicle sales agreement is made on 25th day of January, 2021 by and among Col
    Mahendra Kumar Singh, (hereinafter known as “Seller”), S/o Late Surendra Prasad Singh,
    residing at Flat No. 6B, Blessington Heights, Kanke Road, Ranchi, Jharkhand - 834008 and
    Shashi Bhushan Prasad, (hereinafter known as “Buyer”), S/o Rama Shankar Singh, residing
    at C/o Rama Shankar Singh, Near Glass Factory, Thana – Kanke, Arsande, Ranchi, Jharkhand –
    834006.

    Buyer and Seller shall collectively be known as “the Parties”.

    BACKGROUND

    WHEREAS, Seller desires to sell the vehicle described below, known herein as the “Acquired
    Vehicle”.

    WHEREAS, Buyer desires to purchase the acquired vehicle offered for sale by the Seller under
    the terms and conditions set forth below; and, therefore,

    TERMS AND CONDITIONS

    IN CONSIDERATION of the mutual promise and other valuable consideration exchanged by the
    Parties as set forth herein, the Parties, intending to be legally bound, hereby agree as follows:

    A. Description of Acquired Vehicle.


    1. Model : TATA HARRIER XZ 2.0 L KRYOTEC BS IV
    2. Colour : THM_GOLD
    3. Manufactured in : MARCH 2019
    4. Registration Number : JH 01 DL 0020
    5. Registration Date : MAY 02, 2019
    6. Engine Number : 46336890-4033933
    7. Chasis Number : MAT631111KPC53760
    8. Vehicle Class : MOTOR CAR - NT
    9. Maker/Manufacturer : TATA MOTORS LTD

    B. Consideration.
    1. Purchase Price. The total purchase price to be paid by the Buyer to Seller for the
    Acquired Vehicle is FOURTEEN LAKHS AND FIFTY THOUSAND Indian
    Rupees (Rs. 14,50,000) (hereinafter “Purchase Price”) consisting of the following
    components:
    a. Down-payment: Rs. 2,00,000/- (TWO LAKHS) on January 24, 2021
    b. Payment Due at Delivery of Vehicle to the Buyer: Rs. 12,50,000/-
    _______________________________________________________________
    C. Delivery of Acquired Vehicle and Conveyance of Title.
    1. Delivery of Acquired Vehicle. Seller shall deliver the Acquired Vehicle, and Buyer
    shall take possession of same, at Seller’s premises (either in person or through a third
    party) on or before 26th January 2021 (“Delivery Date”). Along with the Acquired
    Vehicle, Seller shall also deliver the Registration Certificate in original to the Buyer.
    If delivery is to be made at a date after the execution of this contract, it is seller’s duty
    to ensure that the Acquired Vehicle is delivered in the same condition as when last
    inspected by the Buyer (or, if no Buyer inspection, the execution date of this
    agreement). It is Buyer’s duty either in person or through a third party to appear at
    seller’s premises during standard business hours on or before the date of delivery to
    remove the Acquired Vehicle from the Seller’s Premises.

    2. Conveyance of Title. Seller shall convey title to the Buyer upon delivery of the
    vehicle to Buyer. Seller agrees and covenants to execute all documents presented by
    Buyer which are necessary to finalize transfer of title and registration upon the
    Acquired Vehicle to the Buyer.

    D. Representation, Warranties and Disclosures


    1. Warranties. This Vehicle is sold “AS IS”, and Seller doesnot in any way expressly or
    impliedly, give any warranties to Buyer. Seller expressly disclaims any implied
    warranties of merchantability or of fitness for a particular purpose.
    2. Odometer Declaration. Seller hereby states that the Odometer in the Acquired Vehicle
    reads___________ Km and to the best of Seller’s knowledge, it reflects the actual
    mileage of the vehicle described herein.
    3. Buyer Representation. The individual signing the agreement on behalf of Buyer
    hereby represents to Seller that he or she has the power and authority to do so on
    behalf of the buyer.
    4. Buyer hereby declares that the Acquired Vehicle is free from all encumbrances,
    liabilities and litigations to best of his/her knowledge.

    E. Buyer’s Responsibility.
    1. Buyer acknowledges that the Acquired Vehicle and related documents have been duly
    inspected and approved by him and have been found to his entire satisfaction.
    2. Buyer acknowledges that from the instant the Acquired Vehicle is delivered by Seller
    to buyer is solely responsible and liable for any accidents, offences or disputes
    regarding the Acquired Vehicle, including but not limited to, illegal use of the
    vehicle, traffic violation notices, accident-related litigations, payment of related taxes,
    maintenance of valid insurance and updating the vehicle records with relevant RTO.
    3. Buyer acknowledges that unless prohibited by applicable law, any insurance
    coverage, license, tags plates or registration maintained by Seller on the Acquired
    Vehicle shall be cancelled upon delivery of the Acquired vehicle to, and the
    acceptance of, by buyer.
    4. Buyer agrees to submit a Notice of Transfer of Ownership for the acquired Vehicle to
    the concerned RTA within 15 days from the delivery Date. Buyer acknowledges his
    responsibility to update ownership details with the RTA.

    F. Severability.
    In the event any provision of this agreement is deemed to be void, invalid, or
    unenforceable, that provision shall be severed from the remainder of this agreement so as
    not to cause the invalidity or unenforceability of the remainder of this agreement. All
    remaining provisions of this agreement. All remaining provisions of this agreement shall
    then continue in full force and effect. If any provision shall be deemed invalid due to it’s
    scope or breadth, such provision shall be deemed valid to the extent of the scope and
    breadth permitted by law.

    G. Modification.
    Unless otherwise provided in this document, this agreement may be modified,
    superseded, or voided only upon the written and signed agreement of the Parties. Further,
    the physical destruction or loss of this document shall not be construed as a modification
    or termination of the agreement contained herein.

    H. Acknowledgements.
    Each party acknowledges that he or she has had an adequate opportunity to read and
    study this Agreement, to considerate, to consult with attorneys if he or she has desired.

    SELLER BUYER

    Col Mahendra Kumar Singh Shashi Bhushan Prasad


    S/o Late Surendra Prasad Singh S/o Rama Shankar Singh

    WITNESS – 1 WITNESS - 2

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