Car sale contract template south africa – Whenever you sell something with someone, you will need to set up a contract. This contract provides protection to you, the seller, and also to the buyer. Adding information that will protect the buyer will also bring in the purchaser into most likely agreeing into phrases.
The basic information which ought to be in this contract is the make and model, the cost, and contact information for both parties. The sell item contract must also include a disclosure about the item, including a list of things that you know have to be fixed. You should also include a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs before the final sale.
If you are selling your privately and you opt to accept a delayed payment, you will need to include all information concerning the payment in your market item contract. This information should include the quantity of cash to be paid, how many payments will be made, once the installments will be made, and when the last term of the contract ought to be fulfilled. The item sell contract should also list details about late payment fees, and when the seller has the right to recover the property if the agreement should be breached.
As well as the product and price, the thing sell agreement should state whether or not the item has a clear title, and in what condition the item is titled in. In most states it is legally required to have a clear title in order to sell a item for anything aside from simply parts. If your item does not have a clear title, be certain the contract clearly states this fact, and that the merchandise is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties must be given a copy. Some countries require a notary as well, so make certain to check your local laws. You might also find templates for sell item contracts easily through free legal form websites or Microsoft template websites. Take a look the sample of car sale contract template south africa below at the attachment page.