Vehicle sales contract template – At any time you sell something with someone, you will need to establish a contract. This contract will offer 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 that should be in this contract is the make and model, the price, and contact information for both parties. The market item contract should also include a disclosure about the product, including a list of things that you know need to be fixed. You should also have a phrase stating that the item is being sold as is, unless of course you’ve agreed to perform repairs before the last sale.
If you’re selling your privately and you decide to accept a delayed payment, you’ll need to include all information concerning the payment in your market item contract. This information must include the quantity of money to be paid, how many installments 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 must 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 the product 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 so as to sell a item for whatever other than just parts. If your item doesn’t have a clear name, make sure that the contract clearly states this fact, and that the item is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties must receive a copy. Some countries require a notary as well, so be sure to check your local laws. You might also find templates for sell item contracts readily through free legal form websites or Microsoft template websites. Check it out the sample of vehicle sales contract template below at the attachment page.