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Draft a sample car sales agreement document
Car Sales Agreement
CAR SALES AGREEMENT
This Car Sales Agreement ("Agreement") is made and entered into on this [Date] by and between:
Seller:
Name: [Seller's Full Name]
Address: [Seller's Address]
Phone: [Seller's Phone Number]
Email: [Seller's Email Address]
Buyer:
Name: [Buyer's Full Name]
Address: [Buyer's Address]
Phone: [Buyer's Phone Number]
Email: [Buyer's Email Address]
Vehicle Details:
Make: [Vehicle Make]
Model: [Vehicle Model]
Year: [Vehicle Year]
Color: [Vehicle Color]
VIN (Vehicle Identification Number): [Vehicle VIN]
Registration Number: [Vehicle Registration Number]
Mileage: [Vehicle Mileage]
Terms and Conditions:
Sale and Transfer of Ownership: The Seller agrees to sell, and the Buyer agrees to buy, the vehicle described above (the "Vehicle") in accordance with the terms and conditions of this Agreement.
Purchase Price: The total purchase price for the Vehicle is Ksh [Purchase Price] ("Purchase Price"). The Buyer agrees to pay the Purchase Price to the Seller in the following manner:
Deposit: Ksh [Deposit Amount] upon signing this Agreement.
Balance: Ksh [Balance Amount] on or before [Balance Payment Date].
Payment Method: The Buyer shall make all payments to the Seller by [Payment Method, e.g., bank transfer, cash, cheque].
Condition of Vehicle: The Buyer acknowledges that they have inspected the Vehicle and accepts it in its current condition. The Vehicle is sold "as-is," and the Seller makes no warranties or representations, express or implied, regarding the Vehicle's condition, performance, or suitability for any particular purpose.
Transfer of Title and Registration: The Seller agrees to execute all documents necessary to transfer the title and registration of the Vehicle to the Buyer upon receipt of the full Purchase Price. The Buyer is responsible for all costs associated with the transfer of title and registration.
Warranties: The Seller warrants that they are the legal owner of the Vehicle and that the Vehicle is free from all liens, encumbrances, and claims. The Seller further warrants that they have the full right and authority to sell and transfer the Vehicle.
Indemnification: The Buyer agrees to indemnify and hold the Seller harmless from any and all claims, liabilities, damages, or expenses arising from the Buyer's use or ownership of the Vehicle after the date of transfer.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Kenya.
Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements, whether written or oral.
Amendments: Any amendments or modifications to this Agreement must be in writing and signed by both parties.
Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
Dispute Resolution: Any disputes arising out of or in connection with this Agreement shall be resolved through mediation or arbitration in accordance with the laws of Kenya.
Signatures:
Seller:
[Seller's Full Name]
Date: [Date]
Buyer:
[Buyer's Full Name]
Date: [Date]
Witness 1:
[Witness 1 Full Name]
Address: [Witness 1 Address]
Date: [Date]
Witness 2:
[Witness 2 Full Name]
Address: [Witness 2 Address]
Date: [Date]
Sources:
This sample car sales agreement is intended to provide a comprehensive framework for the sale and purchase of a vehicle in Kenya. It is advisable to consult with a legal professional to ensure that the agreement meets all legal requirements and adequately protects the interests of both parties.
Answered by mwakili.com