A template for a vehicle purchase and sale agreement concluded between legal entities. The agreement is intended for registration of the transfer of ownership of the vehicle from the Seller to the Buyer and contains the main sections:
1. Definitions - the main terms used in the contract, such as "Property", "Transfer deed" and "Purchase Price".
2. The subject of the contract is a description of the vehicle and confirmation of the Seller's ownership without encumbrances.
3. Price and payment procedure - payment terms, including VAT, terms and procedure of prepayment.
4. Transfer of property - terms and conditions of transfer of the vehicle, as well as documents transferred with the Property.
5. Liability - penalties for violation of the terms of payment and transfer.
6. Force majeure - release of the parties from liability in case of force majeure circumstances.
7. Dispute resolution - the procedure for the consideration of disputes and disagreements in the Arbitration Court.
8. Termination procedure - terms of termination of the contract in case of breach of obligations.
The vehicle purchase agreement template regulates the main aspects of the transaction, including payment, transfer, liability and termination procedure, providing a reliable legal basis for both parties